Only options I execute these days after getting caught out with uncovered puts on NCP back on Sep 10th 2001 [watched them drop from $20 to $5 and bought them at $20... gah!!!] are covered calls. Much safer and quite profitable - I find a good covered call strategy to be worth about 20% p.a.
Enter a position with a buy-write [eg I purchased BHP yesterday @ 36.78, accompanied with a July call on the long position, strike of $37, premium of $1.28... that puts my entry price at $35.50 less bro.
Expecting to sell at end of July for $37 ... if its close to strike, will roll up to new strike into next month.
If she drops further, will buy more...
Hallelujah, thats $1.50 / $37 (4%) in 28 days.
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Last
$44.74 |
Change
1.380(3.18%) |
Mkt cap ! $227.0B |
Open | High | Low | Value | Volume |
$44.35 | $44.86 | $44.27 | $675.0M | 15.16M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 60000 | $44.71 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$44.75 | 3245 | 8 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 500 | 44.700 |
1 | 2 | 44.690 |
1 | 12 | 44.640 |
1 | 500 | 44.590 |
1 | 1100 | 44.580 |
Price($) | Vol. | No. |
---|---|---|
44.750 | 2000 | 3 |
44.760 | 143 | 1 |
44.780 | 2250 | 2 |
44.790 | 996 | 2 |
44.800 | 7886 | 13 |
Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
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BHP (ASX) Chart |