Monday, April 23, 2012

CLOSING - $NSC Options Action trade - scott

18 may - this covered call will expire at max profit, so you keep the full $1.30..downside is that the stock is down to $65ish since then. here is scotts tweet today on the trade:

We sold the May 70 call for 1.30, going to expire worthless today with NSC at 66.10. Wouldn't resell today.

google docs spreadsheet of scotts trades: scotts trades




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23apr - on tonights fast money show the options action segment featured scott doing a very simple of just selling a covered call ahead of NSC earnings on 24apr. with stock at 69ish. here is video video clip

Sell the May70 call at $1.30

$130 for every lot. not very interesting trade. i dont follow the rails so i dont have much to say about it..just seems kind of close to at the money but if you are ok selling your shares up at $71.30 then i guess this is ok plus whatever dividend my be coming your way this month.. might have some resistence a bit higher with the 200day

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