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Monster Covered Calls

|Includes:BP, Monster Beverage Corp. (MNST)

A couple years ago I wrote about $BP here

When I saw $MNST falling from $80 to $40 I waited a few days and entered a position at $43. At first I sold the $45 calls for $2.10. Those calls dropped to $0.10 a couple days before expiration.

I then sold the $47.50 calls for $2.10 and those dropped to $1.10 in a matter of hours.

I am now looking to sell the $47.50 calls again for $2.50, maybe to it will happen!

Happy Trading.

Disclosure: I am long MNST.

Stocks: MNST, BP