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Showing posts with label trend. Show all posts
Showing posts with label trend. Show all posts

Tuesday, February 03, 2009

RIO Covered Call

I'm putting my stocks to work for me by selling covered calls against my RIO position. I sold Feb $14.00 calls for $1.15. I honestly was not thrilled to put this trade through, however its price trend is a tad bit below the $14.00 strike price, so I am banking on this continued trend.