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NaughtyPines
Aug 5, 2016 12:12 AM

THREE COVERED CALL IDEAS: WTW, NVAX, AND FEYE(?) Long

Description

WTW: Buy at 10.56/share; sell Sept 16th 11 call; 9.27 debit at the mid; max profit 173/contract (18.7% ROC).

NVAX: Buy at 7.51/share; sell Sept 16th 8 call; 6.01 debit at the mid; max profit 198/contract (32.9% ROC). (I'm already in a similar NVAX trade .. ).

FEYE: Buy at 13.95/share; sell Sept 16th 14 call; 10.67 debit at the mid; max profit 333/contract (31.2% ROC). The reason why I put a question mark next to the FEYE is that it's still gyrating about post-earnings and the pricing on the short call is unlikely to be accurate (it will change at open). So this may not be nearly as sexy at NY open as it looks to be right now ... .
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