Showing posts with label WZ options. Show all posts
Showing posts with label WZ options. Show all posts

Friday, April 3, 2020

First Successful Covered Call option trade


WZ options first successful trade:

April 03-2020 $210 strike at $4.70 C

C Trade, Slightly out of the money.

Short term covered call option for quick income.
04/03 expiration, sold when DIA was trading at $209.50  for $210 strike at $4.70 premium with expiration 2 days away.

If DIA closes below $210 on 04/03 this option will expire worthless, I will pocket $470 premium and retain stock for roll over.
If DIA closes above $210, I will keep $470 premium, option will get exercised at $210 . total profit on this transaction will be about 2.25% within 2 days........ to read more, please visit link below at:


April 3rd Covered Call at strike $210


Picture by MarketChameleon.com

Officialy I am retired from Taxi driving

....and I have to tell you I am relieved, even ecstatic because last six years was for me constant struggle, stress and uncertainty. Dealing with deregulation, uber, lyft, falling income was too much, probably I would quit earlier but where 60 year old going to go and start over, so I was forced to put up with this calamity for way too long.

....and now, I started new hobby which hopefully will turn one day into profitable business, I started to learn how to trade index options or rather sell covered calls. So far so good, I make some money but only on paper. :)

To witness my progress, you can visit my new blog "WZ Options For Income 2020" at https://options-for-income-2020.blogspot.com/ 

Thank You
P.S. In my investing endeavor, I find below links very educational, you might want to visit them too.

https://bigcharts.marketwatch.com/default.asp
https://marketchameleon.com/