CD - agree with you. Covered Calls better suited to stable stocks, but premiums are also lower. Premium on WOR is high as priced on volatility.
The reason I did this - as I think I mentioned before, is as a licensed finance professional I am not allowed to trade stocks. It is buy and hold for 30 days minimum. As I cant trade in and out, a good way to lock in some premium and hopefully get stopped out above A$8.25 was to sell a call.
I am giving up my license now so am able to trade full time, and will look at more pairs trade ideas for market neutral long/short positions.
Covered Call, page-21
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 (20min delay)
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Last
$13.87 |
Change
0.120(0.87%) |
Mkt cap ! $7.649B | |||
| Open | High | Low | Value | Volume |
| $13.75 | $13.87 | $13.62 | $16.71M | 1.213M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 8268 | $13.86 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $13.87 | 4066 | 2 |
View Market Depth
| Last trade - 16.10pm 29/11/2024 (20 minute delay) ? |
| WOR (ASX) Chart |
