We have been exercised on our covered calls on Newcrest Mining in March.
We have had a return of 7.15% on this trade in the course of the last 7 weeks. Using the very same strategy, we have achieved a net return of 16.3% from our start, in November, as we detailed on Australia Trading Journal – Part 2. Undoubtedly, an exceptional rate of return with a lower risk than owning stocks outright.
We are currently evaluating existing options in the market and will be releasing a new report soon.