Hi,
I entered a paper trade with UWM
Bought a covered call when it was at 30
short April 29 call and long stock.
Now it is around 33.90 and I want to sell the stock and sell an April 37 put.
The reason is that I get a little extra money or profits, since the put has still some time value left
and my forecast is sideways to down towards April expiration.
I increase my risk a bit obviously, but my question is
am I overlooking something here by exchanging stock with a short put
or do I really get some extra money? (provided at expiration UWM
is between 29 and 37)
thanks, gis
__._,_.___
The goal of TheOptionClub is to provide a forum for members to work together for the purpose of furthering our individual understanding option trading. All messages and postings, and any materials circulated are provided for discussion and educational purposes only. No statement contained in any materials from TheOptionClub should be considered a recommendation to buy or sell a security or to provide investment, legal or tax advice. All investors are encouraged to consult a qualified professional before trading in any security. Stock and option trading involves risk and is not suitable for most people. There is no guarantee that any information provided is accurate and, may in fact, be wrong. It is understood that the participants in TheOptionClub have varying backgrounds and degrees of experience in option trading, and that regardless of experience each member is considered a student. As such, any information distributed through TheOptionClub should be considered with a critical mind and not relied upon as an authoritative source.
To unsubscribe from TheOptionClub, send an email to:
OptionClub-unsubscribe@yahoogroups.com
To unsubscribe from TheOptionClub, send an email to:
OptionClub-unsubscribe@yahoogroups.com
MARKETPLACE
.
__,_._,___
No comments:
Post a Comment