New Trade – Covered Call

Stock Symbol: [private_monthly]OVTI[/private_monthly]

Price at time of Trade: $21.25
Target Price: $23

Strategy: Covered Call

Reasoning:This stock has strong fundamentals and is currently trading in the low range of it's trading cycle, giving it more room to the upside than downside.

Trade Details:
BTO 100 shares for approximately $21.25 per share
STO -1 Oct 21 call option for approximately $1.20
Uncalled Return: 5.6%
Called Return: 4.49%

Effective Cost basis = Approximately $20.05




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