Trade Update – Covered Call

We entered into our covered call on [private_monthly]MEE[/private_monthly] on May 21st.  We're long 100 shares of the stock at $29.50 per share and short the 1 - June 29 strike call at $3.60 per contract.  As [private_monthly]MEE[/private_monthly] has moved higher to $33.12, we're on track to be called out for a 10.51% gain.

Speak Your Mind

*