Tuesday, September 18, 2012

Harvested Covered Call Option Premium in Teva

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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