call option

Defensive Covered Call Strategy on Apache Corp (APA)

This is a defensive in-the-money covered call recommendation on Apache Corporation setup as an income investment. Covered Call Strategy: Look at the January 85 covered call. For each 100 shares of Apache Corporation (APA) stock you buy, sell one January 85 covered call option for an 80.08 (94.63 – 14.55) debit or better. That’s potentially …

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