On August 7, 2020, our 100 shares of AMC were called away at the strike price of $4
We started this trade just a couple of days ago by buying 100 shares of AMC at $3.96 and selling weekly options, for whom we got $0.18 per share
This is yet another good example of how covered calls help generate income. We closed this trade with $16.6 collected in premiums plus we realized a value gain of $4 Total $19.6 or 4.94% return 4 days. Nice.
- Running Total 6 Trades since August 3, 2020
- Options Income: $80