OPENING: ZIOP COVERED CALL
Updated
In and out of this little fella last month, back into it this, as implied volatility in the underlying remains high, and I don't have to do all that much due diligence, since I already know what's in the pipeline, etc.
Metrics:
Bought Shares at 5.27
Sold Oct 21st 6 call
Whole Package: 4.82 db
Max Profit: $118 (if called away at 6)
Metrics:
Bought Shares at 5.27
Sold Oct 21st 6 call
Whole Package: 4.82 db
Max Profit: $118 (if called away at 6)
Trade closed manually
Covering here for a 5.20 credit; net profit after fees, $31 per 100 shares/contract (6.4% ROC). Smaller than I'd like, but a winner.
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