Monday, April 09, 2007

Apple Inc. (AAPL) Covered Call Trade 4-9-07

I sold my first covered call option today. I sold 1 APPLE May 100 call for $2.25. Each option is 100 shares of stock. So I got $225.00 bucks for giving the buyer the option/right to buy 100 shares of APPLE from me at $100 bucks per share. It's a win win for me.....
To learn what a covered call is, click here.

No comments: