There has been a new trade this week (Monday.) A company was found that had a September call within range that allows a profit of 11% if the shares get assigned and almost 20% if the shares don't reach the strike price and don't get assigned. The chart shows a bullish trend. The options activity is also bullish. The company has some new products coming in the next couple of months that should keep a bullish sentiment throughout the trade. Armed with this information, it was decided to buy the shares and sell calls against the shares.
The one thing I have noticed with the last trade of HGSI (links below) and this one is that there has yet to be a trade that can end in one month and still guarantee a profit. This is due to capital levels of the account. It will take the ability to buy more contracts to handle the effects of the trading costs.
-As always, I do not fully divulge information on open trades. When the trade ends, I will give out the rest of the details (stock name, price purchased, call purchased, news on company/ETF, chart info) that sort of thing. Please feel free to ask questions and I will answer them the best I can without endangering the trade.
HGSI 1, HGSI 2, HGSI 3, HGSI 4, HGSI 5, HGSI 6, HGSI 7, HGSI 8, HGSI 9