For Wednesday's Options Action, Mike Khouw of Cantor Fitzgerald is looking at a covered call strategy in Halliburton - for investors who already own the stock and are looking to enhance returns.
Let's breakdown his trade:
***MIKE'S HAL TRADE****
Sell the Aug. 28 calls @ 1.00 against long stock
How Mike's HAL Trade Makes Money
29- Profits Capped
28- Stock Called Away
Under 24.60- Losses
To learn more about this trade, watch the video now!