http://mytradersjournal.com/stock-options/2008/06/12/covered-drys-naked-put-and-sold-ba-calls/ Investing in Stocks Through Options Thu, 20 Nov 2008 08:35:23 +0000 http://wordpress.org/?v=2.6 http://mytradersjournal.com/stock-options/2008/06/12/covered-drys-naked-put-and-sold-ba-calls/#comment-3609 Closed Boeing (BA) Calls Fri, 13 Jun 2008 17:33:47 +0000 http://mytradersjournal.com/stock-options/2008/06/12/covered-drys-naked-put-and-sold-ba-calls/#comment-3609 [...] Yesterday I sold three naked calls on BA @ $0.60 and by the end of the day when BA pulled back from its highs the same calls were trading at half the price as where I sold them.  After my last trade on SPY turning to a loss after I could have taken a profit, I have decided to take profits early if I can get the majority of my total planned profit very early.  With these BA calls I was expecting full profit of $167 after five and a half weeks.  With the options already way down I decided waiting another fives weeks didn’t make a lot of sense, even with the added expense of commissions on the closing trade. [...] [...] Yesterday I sold three naked calls on BA @ $0.60 and by the end of the day when BA pulled back from its highs the same calls were trading at half the price as where I sold them.  After my last trade on SPY turning to a loss after I could have taken a profit, I have decided to take profits early if I can get the majority of my total planned profit very early.  With these BA calls I was expecting full profit of $167 after five and a half weeks.  With the options already way down I decided waiting another fives weeks didn’t make a lot of sense, even with the added expense of commissions on the closing trade. [...]

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