UNDERLYING STOCK SYMBOL
Symbol: OPK
CURRENT PRICE: $6.39
PURCHASE PRICE: $6.39
NUM. SHARES: 500
TOTAL COST: $3,195
OPTION
BUY OR WRITE: WRITE
OPTION: 21ST JULY $8.00 CALL
PRICE PER OPTION: $ 0.08
CONTRACTS: 5 X 100
TOTAL COST: $40
The covered call involves writing a call option contract while holding an equivalent number of shares of the underlying stock. It is also commonly referred to as a "buy-write" if the stock and options are purchased at the same time.
Symbol: OPK
CURRENT PRICE: $6.39
PURCHASE PRICE: $6.39
NUM. SHARES: 500
TOTAL COST: $3,195
OPTION
BUY OR WRITE: WRITE
OPTION: 21ST JULY $8.00 CALL
PRICE PER OPTION: $ 0.08
CONTRACTS: 5 X 100
TOTAL COST: $40
The covered call involves writing a call option contract while holding an equivalent number of shares of the underlying stock. It is also commonly referred to as a "buy-write" if the stock and options are purchased at the same time.