March Option Investing – EDC Covered Calls – Update

Increased March income today with an EDC position (40.14/share) and sold calls ($40.35 April Calls @ $1.70), based on EDC’s break above the short term (Jan – Mar) downtrend and recent strength in the general markets.

Actually, I wanted to pull the trigger last week. But with the general markets still in a correction (with confirmation from my timing program), my rules prevented me from adding to my position.

Gross Cashflow: ~$340 USD