December Option Investing – DRN Covered Calls

Sold Jan 22 2011 Call options on DRN @ $50 and $51 strike prices.

Gross Cashflow: ~$1110

Since these calls were in the money, I will have a capital loss in January. However, according to my trading system, the overall markets are still in a downtrend, so I sold positions below the strike price.

If my program indicates a shift back into an uptrend, I may purchase some additional shares of DRN and sell calls above the strike price the first week in January.

Happy Hunting!


About T. Knight
Blogging about my journey to financial independence via investing for cashflow.

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