Sell High, Buy Back Low! I just bought back my 4 contracts of OIHJV for $0.75 after selling them last Thursday for $6.40. The net profit is $5.65 x 400 = $2,260.00. The November $110 strikes are selling for about $5 so I can make another $2,000 or I can sell the January $110 strikes for $8.45 to rake in $3,400. I’ll give it a few more days before I trade either as the day before options expiry is usually a rally day but we’ll wait and see.
ETF Covered Calls website is for educational and entertainment purposes only. Any investment activity is not without risk including loss of principal. Neither this website nor its authors assume any responsibility arising from the use or misuse of any information presented in this blog. You are urged to contact a financial adviser before making any investment decisions. Past performance is no indication of future performance.