We have been exercised in our covered calls on Newcrest Mining last Friday.
Therefore, we are starting a new buy write with Newcrest Mining today, using the same rationale we used on our post on the 7th January (https://l2capital.com.br/pt/trading-journal-australia/):
Trades
Buy (Share)
Security: NCM
Price (AUD): 13.00
Date: 01/02/2016
Sell (Call)
Security: NCM call
Price (AUD): 0.93
Date: 01/02/2016
Strike: 13.00
Expiration date: 16/03/2016
We have had a return of over 8.5% on these trades in the last 2 months and are looking to get another 7% by the 16th of March.
