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Mike Khouw's Home Depot Options Trade

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On CNBC's "Options Action," Mike Khouw suggested that investors with a long stock position in Home Depot Inc (NYSE: HD) should consider a covered call options strategy.

Khouw wants to sell the August $265 call against a long stock position in Home Depot. He is going to collect around $4 or 1.60% of the current stock price. The strike price of the call is around 6% above the closing price on Friday.

 

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Posted-In: CNBC Mike Khouw Options ActionOptions Markets Media