As last discussed in this post in late July, CCI had sold Sept $40 calls against the last lot of TEVA shares in the portfolio. At that time the stock was trading slightly over $40.
Late Monday, with the stock still trading slightly over $40, the option position was covered. The option was sold for $2.00 and covered at $.39 for essentially a gain of $1.60 or 4% in less than 2 months.
CCI will still be looked to sell this last lot of Teva on the next bounce.
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