August Option Investing – EDC Covered Calls

As mentioned in recent money management post, I reduced my EDC position by 200 shares.   That’s roughly a $15/share loss (~43%).  By trading options as EDC fell, I was able to soften the blow by $5/share, leaving me with only a 34% loss on my overall position.

On August 22, I sold Sept. calls, with a $20 strike price, for $2.55.

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

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