Not sure how to pronounce ‘Zdravstvuite’, but it’s hello in Russian. In article, “From Russia with Profits – Covered Calls”, we contemplated investing in covered calls for companies located in the country of Russia. Every Russian covered calls position selected was fully profitable, returning an average return of +7.5%.
Former Russian President Boris Yeltsin died on Monday of this week. Boris Yeltsin will probably be most remembered for standing on a tank outside the Russian parliament building resisting a coup attempt.
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Even though Russia’s democratization efforts are going a little bumpy, Russia has at least one thing in its favor, large oil reserves. In addition to large oil reserves, Russia is also the 2nd largest oil producer in the world after Saudi Arabia.
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The following covered calls stock options positions were found for Russian companies.
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| Stock Sym |
Stock Price |
Option Sym |
Expire &Strike |
Opt Bid |
%Dnsd. Prot |
%If Unch. |
%If Asgnd. |
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| GLDN | 61.32 (+2.10) | QDVFM | 07 JUN 65.0 (51) | 2.35 | 3.8 | 4.0 | 10.2 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| MBT | 56.45 (-0.71) | MBTFL | 07 JUN 60.0 (51) | 1.55 | 2.7 | 2.8 | 9.3 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| VIP | 96.40 (+0.05) | VIQFT | 07 JUN 100.0 (51) | 2.75 | 2.9 | 2.9 | 6.8 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
New to the list of covered calls positions this month is the GLDN position.
All of the covered call positions are out-of-the-money with maximum potential returns ranging from 6.8% to 10.2% (in only 51 days). The maximum potential returns require the price of the underlying stock to increase to or above the strike price of the call option.
The GLDN position has the largest downside protection at 3.8%. As long as the GLDN stock does not decline more than 3.8% at option expiration, the GLDN position will be profitable.
Competitors:
Competitors for MBT include: Vimpel-Communications (VIP), and Tele2 AB (private).
Competitors for VIP include: Golden Telecom Inc. (GLDN), Mobile Telesystems OJSC (MBT), and Rostelecom OAO (ROS).
Competitors for GLDN include: Moscow City Telephone Network (private), Orange Business Services (private), Sistema JSFC (private), and Vimpel Communications (VIP).
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[tags] Russia, Boris Yeltsin, Tele2 AB, Moscow City Telephone Network, Orange Business Services, Sistema JSFC, GLDN, Golden Telecom Inc., MBT, Mobile Telesys. OJSC ADR, VIP, Vimpel Communications, covered call investment strategy, investment strategy, iron condor, poweroptions, stock option trading, stock options [/tags]