Combo on Beazer @ $3.42
Posted by BobL on 5/05/09 • Categorized as Trading
Bought 400 BZH (Beazer Homes) at $3.42 per share. Missed a ton of the upward movement on this stock, but I feel there is still room to run.
I am also utilizing call options to reduce my basis in the stock. I sold 4 of the June 5 call options for $0.35 each. This provided me with an effective price between $3.10-$3.20 while still allowing for a significant upside.
Bought BZH @ $3.42
Sold Call options BZHFA @ $0.35
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