Wednesday, July 15, 2009

Trade - 7/15/09 - VZ

STO (3) Covered Calls on VZ (Verizon) Aug 09 Strike @ $30 for $0.59. Net Premium $175.
I bought back my July Calls on Verizon for 2 cents each just so I could go ahead and move into the August calls. Still a great company with a solid dividend. I will look to enter some naked puts also on this one if it trades below $29.

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