NaughtyPines

P COVERED CALL IDEA

Long
NaughtyPines Updated   
NYSE:P   None
Buy 100 Shares P @ 11.64
Sell 1 Feb 19th 12 Call
Entire Package: 10.36 debit (10.36/share)
Max Profit: $164/contract (if called away at 12/15.8% ROC)
Comment:
This caught my eye late in the day, so I didn't get a fill. Will try again tomorrow ... .
Comment:
Glad I didn't get filled before; got in at a better price today: filled for 10.13.
Comment:
As with my covered call in USO, I rolled my short strike down to the 10 for .51 credit.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.