Covered Call Write on Advanced Auto Parts
Covered Call trade on Advanced Auto Parts (AAP). OPTIONS STRATEGY: Look at the December 2011 70 covered call. For each 100 shares of Advance Auto Parts (AAP) stock you buy, sell one December 2011 70 covered call option for a 67.06 (69.31 – 2.25) debit or better. That’s potentially a 4.38% assigned return. This stock also …