March Option Investing – EDC Covered Calls

My small EDC position made it through the month. I’m still hedging to the downside though.

I did not enter orders before the market open (as I did with DRN). EDC is more liquid, so the spreads are not as high and that creates smaller arbitrage opportunities. Instead, I basically upped the strike price from last month by $1, selling $36 April calls for $2.30.

For those of you keeping score, that’s about a 10% reduction in premium from last month for at the money calls.

Gross Cashflow: ~$460 USD

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

2 Responses to March Option Investing – EDC Covered Calls

  1. libertatemamo says:

    Hey Troy. Nice blog. I’ll be following you along. I could always learn some more about options.

    Paul

    • T. Knight says:

      Thanks Paul. I’ve been reading a lot of your blog lately too. Trying to find people that think about investing the same way is difficult, but I think the two of us having similar backgrounds helps!

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