Here's the whole story on the covered call initiated sometime back.
- On 11/11/2011 bought x AAPL @384 - sold y Nov 18th 375 calls for $12.6;On 11/14/2011 covered call [bought back as stock was dropping] for $8.74; Net profit of $3.76
- On 11/14/2011 sold y Dec 16th 360 call for $27.16; On 11/22/2011 bought back y Dec 360 call for $22; Net profit of $5.16
- On 11/22/2011 sold y Nov 24th 375 call for $3.5; On 11/23/2011 bought back y Nov 375 call for $0.4; Net profit of $3.1
- On 11/23/2011[wed] sold y Dec 2nd 370 call for $6.26
*** 3.76+5.16+3.1 ==> $12.02; Bought price came down to $372 because of all the actions[1,2,3] above, but at the same time stock has continued to drop to $370 level. ***
[more than 1 week away; 5 1/2 days only since Thursday is holiday and Fri is 1/2 day]
if called profit of 6.26-2==>$4.26[3k]; break-even of $365.7; currently stock @369
a) On wed, 23rd call closed @5.7 and stock closed at 367
b) On Fri, 25th morning @6.2 and 370,
but at 12pm; @3.6 and 364.3 [very volatile!!];
at closing; @3.3 and 363.6
- Hole is becoming deeper and deeper. Down by 5 pts!AAPL right at it's 200 day MA!!
c) On Mon (after thanksgiving), things are looking positive again with Mkt sitting at 300+. Appl also crept back and position is currently @7.6 & 374.75
update --> @8.5 & 375.9;
@8.4 and 376
- cheerful again! as very likely that it will stay above 370 by Fri close. But then cautiously optimistic as it can all go sour based on bad news from Europe. That's how bad things are!
d) Tue; @9.7[-3.4] and 378.4[+6.4]===>+3 @10:30am and mkt at +90. Looks like we're out of woods on this one :)
or we're not @5 and 372 and mkt @60;
@5.9[+0.3] & 373.8[+1.8]; at close.
e) Wed; @11[-4.7] and 380.4[+8.4]
[more than 1 week away; 5 1/2 days only since Thursday is holiday and Fri is 1/2 day]
if called profit of 6.26-2==>$4.26[3k]; break-even of $365.7; currently stock @369
a) On wed, 23rd call closed @5.7 and stock closed at 367
b) On Fri, 25th morning @6.2 and 370,
but at 12pm; @3.6 and 364.3 [very volatile!!];
at closing; @3.3 and 363.6
- Hole is becoming deeper and deeper. Down by 5 pts!AAPL right at it's 200 day MA!!
c) On Mon (after thanksgiving), things are looking positive again with Mkt sitting at 300+. Appl also crept back and position is currently @7.6 & 374.75
update --> @8.5 & 375.9;
@8.4 and 376
- cheerful again! as very likely that it will stay above 370 by Fri close. But then cautiously optimistic as it can all go sour based on bad news from Europe. That's how bad things are!
d) Tue; @9.7[-3.4] and 378.4[+6.4]===>+3 @10:30am and mkt at +90. Looks like we're out of woods on this one :)
or we're not @5 and 372 and mkt @60;
@5.9[+0.3] & 373.8[+1.8]; at close.
e) Wed; @11[-4.7] and 380.4[+8.4]
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