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Started investing in the 90's, became a trader in the 2000's. Wrote the Options Weekly Newsletter focusing on finding stock trades that can be paired with options. The newsletter also focused on trading and option education. Read articles on:
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  • Monster Covered Calls 0 comments
    Nov 27, 2012 1:04 PM | about stocks: MNST, BP

    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.

    Themes: options, covered call Stocks: MNST, BP
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