Created a covered call position today with SPY at 106.89 and 107 SPY calls expiring this Friday–the 23rd. The calls sold (to open) at 1.18, giving a 1.2% best case profit for the week if SPY closes Friday above 107. Fidelity supports trading these weekly options, but apparently Schwab does not.
- Prediction: Dec 31, 2015 S&P 500 close at 2346 up 13.9%
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- Prediction: Dec 31,2013 S&P 500 close at 1468.38 up 2.96%
- Weekly Options Take Charge
Monday, July 19th, 2010 | Vance Harwood