Stock Symbol: OVTI
Price at time of Trade: $21.25
Target Price: $23
Strategy: Covered Call
Update: This stock has greatly exceeded our expectations. One should never be unhappy about a profit but we'd be lying if we said we didn't wish we had put a call spread on this one instead. Since the 21 strike call we sold is WELL in the money, our position will get called out for the full 4.27% gain.
Current Position (cost basis):
+ 100 shares @ $21.29 per share
- 1 Oct 21 call option @ $1.20
Profit: $91
Called Return: 4.27%
Chart:
Flash Player 9 or higher is required to view the chart Click here to download Flash Player nowNon-members, click here for access
Speak Your Mind