Thursday, February 21, 2008

ARQL CC

Another sweet covered call trade:
Buy ARQL @ 4.74
Sell AQK CA @ 0.75 (March '08 exp - strike of 5)
Cost basis of 3.99 - max return of 25.3%. Generally speaking, buying into a stock below the 52-week-low and at an 18.8% discount is pretty nice.
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