Closed BCRX Covered Call with +$331 Profit (25.75% yield in 47 days)

On July 17, 2020, our 300 shares of BCRX  were called away at the strike price of $5

We started this trade back on June 1, 2020 (Covered Call on BCRX - Potential income return 19.08% in 18 days) and rolled up and double on June 19 (Roll Forward and Double Up 3 Covered Calls on BCRX stock - Potential Income Return 25.75% in 47 days)

This is yet another good example of how covered calls help generate income. We closed this trade with  $116 collected in premiums plus we realized a value gain of  $215 Total $331 or 25.75% return 47 days. Nice.

Selling Covered Calls with BCRX stock
Selling Covered Calls with BCRX stock
  • Running Total  12 Trades since April 30, 2020
  • Options Income $383

Just shorthly before our shares get called away, we sold 3 naked puts on BCRX  with next month expiry, see: Sold 3 Naked Puts on BCRX - Potential income return 10.65% in 35 days