Monday, July 20, 2009

Trade - 7/20/09 - CHU

Sold 2 Covered Calls on an existing position in CHU (CHINA UNICOM HONG KONG LTD) this morning. Stock was trading at about $15 so I sold 2 covered calls at 90 cents each for a 6% premium (72% annualized plus dividends). Net premium collected $179.
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