*REFER TO CHART: for further information:
1) Buy in lots of 100 shares TTEC
2) Current price: $36.80
3)Purchase price: $36.80
4) Number of shares purchase: 100
*Total Cost: $3,680
Buy or write: WRITE (Being the Banker or Casino and SELLING options is best...why? they always win)
Option: 20th July $40.00 Call
Price per option: 0.88
Contracts: # 1 x 100
Total cost: $88.00<--- CREDIT,goes immediately back into your account.
Max. Risk: $3592
Max. Return: $408 at a price of $40 at expiry or HIGHER
Break-evens at expiry: $35.93
This option strategy is conservative in retirement accounts, or investing. Just have to buy stocks/option at same time. If PA stays in between current PA of $36.80-$40.00 now & in between 7/20/18- you still make $88.00, then get $3,680 back in account minus margin account fees. *Is $408 in profit more then you could make in interest on $3,680 in your bank? at 1%-6%? My guess is yes. Trading is all about having a solid foundation to trade off of.