Wednesday, September 26, 2012
CSCO - Trying Those Covered Calls.....Again
As discussed here , CCI just harvested some covered call option premium on CSCO.
With CSCO falling the past few days, we are back in. This time we were able to sell the $19 Oct covered call for $.30 on Tues. Since then, CSCO has continued to fall and the option is now in the money. A little more of a drop in the stock price and/or time decay and it will be time to harvest this gain.