Showing posts with label out of money. Show all posts
Showing posts with label out of money. 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