Playing the weeklies…


Updated: Jul 19th, 2010 | Vance Harwood | @6_Figure_Invest

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.

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Monday, July 19th, 2010 | Vance Harwood