Trucharts.com - covered call buy-write strategy BIDU stock -
Free Stock Chart, Scans and best features of any stock charting site on the web:
How we made a 15% return in 3 weeks..
Our return of 15% on BIDU - bought stock at 205 - wrote weekly covered calls for two weeks $5.00 each - these expired worthless and then we wrote another covered call for this week for $5 - total credit was for $15.00 (for three weeks) and if stock gets called away Friday 4/10 we would end up making $1500 on ($10250) investment (50% margin). Awesome 15% return!!
UPDATE : OUR STOCK CALLED AWAY ON FRIDAY APRIL 10.
Chart here: www.trucharts.com/stockview.aspx?TICK=BIDU
Trucharts team
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