Apple Covered Call

Income Investor

I recommended buying Apple Inc. at $170.40 and selling Apple July 175 calls at $9.60 (all prices in U.S. dollars). Apple shares rallied since our February recommendation, and the July 175 call option was assigned. Your shares would have been called away at US$175 per share, which would have netted you the maximum return of 8.83% over five months. This position is now closed.- Richard Croft

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