This blog is about my stock market investment in stocks, bonds and ETFs. The investment strategy is to use the common technical analysis tools such as moving averages, RSI, and MACD etc to determine the trend of the markets and invest accordingly.
Saturday, October 15, 2011
Sold covered call with MSFT
Yesterday I sold 20 covered call of MSFT with strike price at $28 expires on Nov 19 for $.52 and collected $1040 before commission. My average purchase price for MSFT was $27 so I have some room to spare. MSFT will have ex-dividend on Nov 15 and I will collect $400 quarterly dividend. If it hits above $28 on Nov 18 and my call option gets taken out, I still make some nice profits from it. If it does not hit $28, I will write another call option for December.
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