NaughtyPines

OPENING: PBR OCT 19TH 11 COVERED CALL

Long
NaughtyPines Updated   
NYSE:PBR   PETROLEO BRASILEIRO SA PETROBR
... for a 10.02/contract debit.

Max Profit: $98/contract
Max Loss: $1002/contract
Break Even/Cost Basis: 10.02/share
Theta: 1.23
Delta: 46.78

Notes: High rank and implied (84/57). Going with the cost basis reduction setup without a timer on it ... .
Trade active:
Rolled the 11 short call out to Nov for a .34/contract credit. Cost basis at 9.68/share.
Trade closed manually:
Covered here for 10.27; .59 profit per 100 shares/contract.
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