#29 Call Selling: XIN OCT 18'19 5 Put @0.2

Updated: 23 December, 2019 seen 34

On June 18th, 2019, I made the following put call - Call Selling: XIN OCT 18'19 5 Put @0.2

I made this covered call sell just shortly I got assigned 100 shares of XIN (Latest Stock Buy: Xinyuan Real Estate (XIN ))

Selling covered calls are what I really like - like there is little to no risk involved. 

Got for this trade a premium of $20, but I will be obligated to sell 100 shares of XIN if the price will go up to $5 USD per share by OCT 18, 2019. 

Break-even price: $5.2