TTECI am hopeful for positive growth from now until the first target at 26.11. However, there is also a potential downturn to the price of 13.9, where it could present an excellent buying opportunity if the price reaches that level
TH1 trade ideas
TTEC announces new contract win with Volkswagen Group UK and opeTTEC: TTEC Holdings, Inc.
2020-01-23 00:30:00
TTEC announces new contract win with Volkswagen Group UK and opens a new contact centre in Leeds
TTEC- Write Covered Call (Lesson)The covered call involves writing a call option contract while holding an equivalent number of shares of the underlying stock. It is also commonly referred to as a "buy-write" if the stock and options are purchased at the same time.
*REFER TO CHART: for further information:
1) Buy in lots of 100 shares TTEC
2) Current price: $36.80
3)Purchase price: $36.80
4) Number of shares purchase: 100
*Total Cost: $3,680
Option:
Buy or write: WRITE (Being the Banker or Casino and SELLING options is best...why? they always win)
Option: 20th July $40.00 Call
Price per option: 0.88
Contracts: # 1 x 100
Total cost: $88.00<--- CREDIT,goes immediately back into your account.
Max. Risk: $3592
Max. Return: $408 at a price of $40 at expiry or HIGHER
Break-evens at expiry: $35.93
This option strategy is conservative in retirement accounts, or investing. Just have to buy stocks/option at same time. If PA stays in between current PA of $36.80-$40.00 now & in between 7/20/18- you still make $88.00, then get $3,680 back in account minus margin account fees. *Is $408 in profit more then you could make in interest on $3,680 in your bank? at 1%-6%? My guess is yes. Trading is all about having a solid foundation to trade off of.
TeleTech is risingIn light of recent reported second-quarter profit which matched Wall Street expectations TeleTech Holdings Inc. (TTEC) is set to grow. Technically It might reach its previous high.
Mercurius Asset Management
mercurius.a.m@gmail.com
