Underlying stock symbol: chk
Current price: $5
Number of shares: #1000
Total cost: $5,000
Option:
Buy or Write: Write
Option: 28th July $5.50 Call
Price per option: $0.18 cents
Contracts: #10 x 100= 1000 shares
Total cost: $180
Estimated returns: CHK at $5 on 15th June 2017
Initial outlay: $180 (net credit)
Maximum risk: $4820 at a price of $0.05
Maximum return: $680 at a price of $5.50 at expiry
Break evens at expiry: $4.82
45 days until expiry date
(NOTE) If you are interested in writing covered calls PLEASE look at: YouTube site> Core Position Trading. Thanks & be safe
Current price: $5
Number of shares: #1000
Total cost: $5,000
Option:
Buy or Write: Write
Option: 28th July $5.50 Call
Price per option: $0.18 cents
Contracts: #10 x 100= 1000 shares
Total cost: $180
Estimated returns: CHK at $5 on 15th June 2017
Initial outlay: $180 (net credit)
Maximum risk: $4820 at a price of $0.05
Maximum return: $680 at a price of $5.50 at expiry
Break evens at expiry: $4.82
45 days until expiry date
(NOTE) If you are interested in writing covered calls PLEASE look at: YouTube site> Core Position Trading. Thanks & be safe