Comments on: Rolled FCX Covered Calls http://mytradersjournal.com/stock-options/2009/01/15/rolled-fcx-covered-calls/ Investing in Stocks Through Options Sun, 20 May 2012 05:09:47 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: Trading Scared http://mytradersjournal.com/stock-options/2009/01/15/rolled-fcx-covered-calls/#comment-5594 Trading Scared Fri, 16 Jan 2009 11:11:42 +0000 http://mytradersjournal.com/stock-options/?p=1647#comment-5594 If you sell more calls, do it Friday, not Tuesday. The market is closed on Monday. You will gain 3 days of Positive Theta or in other words Time Decay. I love making money when the market is closed. If you sell more calls, do it Friday, not Tuesday. The market is closed on Monday. You will gain 3 days of Positive Theta or in other words Time Decay. I love making money when the market is closed.

]]> By: Alex Fotopoulos http://mytradersjournal.com/stock-options/2009/01/15/rolled-fcx-covered-calls/#comment-5590 Alex Fotopoulos Fri, 16 Jan 2009 00:49:21 +0000 http://mytradersjournal.com/stock-options/?p=1647#comment-5590 Thanks Mule. I forgot they'd only charge one commission. I haven't done a net spread before. I'll try to remember next time around. Seems to make more sense. The difference with your example shows bids and asks that wouldn't have worked at the time though. I get your point and understand I could have done better and save commissions. I'd also not have lost the 30 cents in stock value difference while I played with it. I think I could've sold the Feb calls for 2.55 if I had sold a market order immediately. Thanks Mule. I forgot they’d only charge one commission. I haven’t done a net spread before. I’ll try to remember next time around. Seems to make more sense.
The difference with your example shows bids and asks that wouldn’t have worked at the time though. I get your point and understand I could have done better and save commissions. I’d also not have lost the 30 cents in stock value difference while I played with it. I think I could’ve sold the Feb calls for 2.55 if I had sold a market order immediately.

]]> By: mule65 http://mytradersjournal.com/stock-options/2009/01/15/rolled-fcx-covered-calls/#comment-5587 mule65 Thu, 15 Jan 2009 21:48:27 +0000 http://mytradersjournal.com/stock-options/?p=1647#comment-5587 You could have gotten a better net credit using a Spread Order and paid only one commission with AMTD: BTC FCXAX Jan 22.5 ask $1.47 STO FCXBE Feb 25.0 bid $2.43 Order Type: Net Credit $0.96 You could have gotten a better net credit using a Spread Order and paid only one commission with AMTD:

BTC FCXAX Jan 22.5 ask $1.47
STO FCXBE Feb 25.0 bid $2.43
Order Type: Net Credit $0.96

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