NaughtyPines

Rolling (Small Account): MJ January 21st 16 Covered Call

Long
AMEX:MJ   ETFMG Alternative Harvest ETF
... to April 14th 16 Covered Call for a . 40 credit.

Comments: My cost basis in shares was 14.76 (See Post Below). Now it's 14.76 - . 40 or 14.36. At the time of fill, the short call aspect of this setup was worth .97, so will look at the setup again when that approaches 50% max. I naturally don't generally like rolling out this far in time, but wanted to stay patient and mechanical.