DislikedSPX sideways action today ... . What am I saying, sideways action for last three days ... . Lol. PGNX covered call Bought 100 shares 5.31 Sold Aug 19th 6 Short Call Whole Package: $463 ($4.63/share is my cost basis) Max Profit: $137 if called away at $6 Of course, it dropped after I put this on ... . I look at these sub-$10 trades as engagement trades while I'm waiting for some volatility to reappear in my bread and butter index trades (not looking good for that short-term; VIX finished at $12 or so today ... ).Ignored
Fireworks are fun ... as long as you don't blow your fingers off.