#shortputs #earnings related GPS
Tradewise has a covered call recommendation on the Gap, buy 100 shares and sell a Sept., 32 call. I sold a Sept. 32 put for 3.17, GPS is at 28.80, down 3.50, 11%, $900 margin instead of $2900 for the buy/write.
#shortputs #earnings related GPS
Tradewise has a covered call recommendation on the Gap, buy 100 shares and sell a Sept., 32 call. I sold a Sept. 32 put for 3.17, GPS is at 28.80, down 3.50, 11%, $900 margin instead of $2900 for the buy/write.
Options Bistro 