stockpivot

$COST Next Stop $ 512

Long
stockpivot Updated   
NASDAQ:COST   Costco Wholesale
Buy the Dip on COST or to Double your Gain

1: Buy share at $ 490

2: Sell Covered Call for 26 May for $ 490 for $ 7.40 and collect $ 740

3: Sell Naked Put for 26 May $ 487.50 for $ 6.30 and collect $ 630
Comment:
Our Breakeven is $ 481 we take the assignement and then sell ATM Weekly covered
Call on Monday and collect another $ 750 for ATM call expiring 02 June
Comment:
We got the free money and Trade will expire worthless today and we will keep the nice premium - Enjoy
Comment:
Net profit Free money $ 1370 Per contract
Comment:
Trade Closed at $ 519 - Profit Locked

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