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Call Writing Strategy Part 32 -- LVS Called / LVS Repurchased

Jul. 14, 2014 6:04 PM ETLVS, EBAY, FCX, MSFT, NVDA
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Last Friday the weekly LVS ($74.50) position was called away as the stock closed @ 74.60 .. That resulted in a 3.59% ($1,050) gain in less than a month The stock opened higher today, but settled down in the afternoon session. I repurchased the 400 shares @ 75.02 and sold the Aug. 8 Weekly options for $1.72. If called, the result will yield 3.57% in less than a month's timeframe..

The spreadsheet details the $13,036 of income we have garnered so far in 2014. Bringing the total income since inception (6/5/13) of this portfolio which started at $100,000 to $28,194..

All trades have been documented in this series and are contained in this blog-- As stated earlier this is an actual portfolio...

Best of Luck to all.....

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

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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