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How to generate some return on Costco after a nice rally, without having to sell the stake

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Mike Khouw breaks down how to sell a covered call in Costco and gives his thoughts on Jim Simons.

Arguably, the most successful trader of all time died Friday. Although his trading secrets remain closely held by the firm he founded, what's the most important lesson he left the rest of us? How I think about Jim Simons' legacy, and a trade on one of the most successful retailers, Costco, follows. First, a contrarian view in Costco: Costco is one of the best performing retailers over the past year.

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