Closed AMC Covered Call with +$19.6 Profit (4.94% yield in 4 days)

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

Covered Call on AMC - Potential income return 4.94% in 4 days

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.

Selling covered calls with AMC stock
Selling covered calls with AMC stock
  • Running Total  6 Trades since August 3, 2020
  • Options Income: $80