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.
Only options I execute these days after getting caught out with...
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Last
$42.30 |
Change
-0.340(0.80%) |
Mkt cap ! $215.0B | |||
| Open | High | Low | Value | Volume |
| $42.25 | $42.50 | $42.14 | $60.85M | 1.436M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 6686 | $42.30 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $42.31 | 1574 | 13 |
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| Last trade - 11.08am 01/11/2024 (20 minute delay) ? |
| BHP (ASX) Chart |