Sell 5 BHP Apr 9.73 Calls @ 0.20

I can’t add! In the last article on option trading, I said my net premiums on BHP were $0.495. The numbers given add up to $0.595! Actually now that I’ve checked my trading statements the after commission premiums are $0.4593.

I pulled out my written trading strategy ;). It told me to write 5 BHP April 9.73 calls for $0.20. The cummulative after-commission premium is now 0.6374 and I am in profit at above $9.35

If BHP falls back down to below 9.00 I’m in the red again.

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