SWI Covered Call 9.3.2013

Trade: Sell 1 Sep 35 Call for $2.70 for every 100 shares of stock bought at $37.15

Should the stock stay above 35 through September expiration this trade will profit $0.55. The trade is still profitable anywhere above $34.45. Should the stock close above 35 on expiration a trader would net a return of 1.48% in just 17 days. This is equivalent to an annualized return of 37.7%.

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