I told you to buy BAC at $15.85 and sell the $16 call for $.47. BAC closed on expiration at $15.03 which means you would be down 35 cents or -2.21% on your initial position.
F closed at $9.68 which means you would have been called away and made $.39 per share, a gain of 4.53% or an annualized yield of 61.6%
I was assigned on my 300 shares of AA due to my covered call. This was an extremely profitable trade for me and I'm said to see AA go which lead me into my next trade.
Sold short 3 AA Jan '16 $14 Puts for $.25 on 12/21 which netted me $62.74 after commissions. I will have to buy 300 shares of AA at $14 on the third week of January if the stock is trading below $14.
-update up 34.09% or $29.75 after 2 days
Bought to cover an earlier trade. 2 MS Jan'16 $33 Calls for $.08 for a cash outflow of $27.50. Total profit in this trade including commissions was $22.29 for a 7 day trade.
-update on my 5 MS Jan'16 $31 Calls. Down 66.92% on this disastrous trade.
Only 4 more trading days for the year. Good luck everyone.
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