I sold 5 contracts on my 500 existing shares of EWZ today at $2 to rake in about $1000.00. I sold the December 85 strikes so we’ll see what happens over the next 24 days. This represents a 2.38% return in 24 day time period. I made this move because EWZ may pull back and if it pulls back heavily, I’ll buy back my options and sell January 08 calls.
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