The intent of this blog is to explain and exhibit the Deep-In-The-Money covered call strategy, with actual trading results and updates as they occur in the author's accounts. The strategy is the subject of the author's recent 2010 book published by Amazon entitled Zero (IN)Tolerance ($14.95), a must for those "FED" up with zero interest rate returns. It is also possible to obtain the updated eBook through all eReaders except Kindle -$8.95:https://www.smashwords.com/books/view/76362
Thursday, October 21, 2010
LATEST TRADE:
Overnight my CAT (Caterpillar) position was called away. Started in July, 3 months, 1 dividend:
Cost $6564, return $350 after all commissions -annualized return 21.3% (if done 4 times in a year).
Beats Money Markets-MMF.
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