CCJ JLBuy CCJ $76 Call 8/8
Sell CCJ $74 Call 8/8
Sell CCJ $66 Put 8/8
END RESULT SCENARIO #1: Share price between $66 and $74 @ expiration = $300 max profit (best case scenario).
END RESULT SCENARIO #2: Share price above $76 @ expiration = $100 final profit (no risk to upside).
3) END RESULT SCENARIO #3: Share price at or below $66 = Assigned to purchase 100 shares for $66 per share. THe result is now you own 100 shares at an avg cost of $63 per share.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.