February Option Investing – DRN Covered Calls – Part II

Last weeks option expiry totally exhausted my positions in DRN, which means I added some capital to my account, along with the cashflows from options.

This also means that I can adjust the amount of money I have at risk with DRN and sell some additional covered calls.

The market has looked weak lately (IBD confirms with a Uptrend under pressure warning earlier this week), but DRN has followed the beat of its own drummer for a while now.

I sold March 2011 calls at a $66.00 strike price.

Gross Cashflow: ~$1642 USD

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

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