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Fear & Greed Trader
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INDEPENDENT Financial Advisor / Professional Investor- with over 30 years of navigating the Stock market's "fear and greed" cycles that challenge the average investor. Investment strategies that combine Theory, Practice and Experience to produce Portfolios focused on achieving positive... More
My company:
RTR LLC
My blog:
Stocks4Income.com
  • Cal Writing Strategy -- Part 29 -- Rolling Over The NUAN Position 0 comments
    Jun 18, 2014 2:35 PM | about stocks: NUAN

    With the recent developments regarding (NASDAQ:NUAN) and the stock trading @ $19.25 today, I decided to buy back the June 18 calls for $1.27 -- these were originally sold for .35. Then sold the July 19 calls for $1.18 .. For a net gain of .26

    The net result as shown in the table below is that we keep the NUAN position going and rather than take a $600 loss on the sale of the shares @ 18 this week, (original cost was $18,600) we now have an opportunity to take a $400 profit if in fact the shares are now called in July @ 19 .

    (click to enlarge)

    This is an actual Portfolio -- all trades can be seen here in this blog.

    Best of Luck to all....

    Disclosure: The author is long NUAN, GILD, LVS, FCX, EBAY.

    Themes: Call Writing for Income Stocks: NUAN
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