We have been exercised in our covered calls on Newcrest Mining on March 16^th and since then we have been evaluating options and waiting for an optimal entry time.

 Trades

Buy (Share)

Security: NCM

Price (AUD): 20.26

Date: May 09^th

Sell (Call)

Security: NCM call

Price (AUD): 0.68

Date: May 09th

Strike: 20.50

Expiration date: May 26^th

In case of being exercised on this option, we expect to get a 4.70% return over the course of only 18 days. If the option expires worthless, we may write another call and ensure more cash flow.

We will be releasing a new report, as soon as we decide to do any other moves regarding this trade.

Our Australian portfolio has gone up by almost 20% since inception, late last year.