US August Option Expiry
On a brighter side, renting share is about the safest thing you can do even with crazy market volatility!
The Trade - 18/8/2007
AMZN
Options/Contract = 100
Trade Opened - 23/7/2007
Buy 100 AMZN @ $71.48 ($7,148.00)
Sell 1 AMZN $70.00 Call @ $5.10 ($510.00)
I was exercised/assigned (18/8/2007)
Sell 100 AMZN @ $70.00 ($7,000.00)
Net Profit: $362.00
The Trade - 18/8/2007
AAPL
Options/Contract = 100
Trade Opened - 25/7/2007
Buy 100 AAPL @ $138.85 ($13,885.00)
Sell 1 AAPL $135.00 Call @ $8.40 ($840.00)
I was not exercised/assigned (18/8/2007)
Premium Received: $840.00
Unrealised Profit/Loss: -$1,294.00
I’ll be writing another call option on the Apple Shares and should expect to receive about $5-8 per share which will protect my initial capital.
