On October 9, 2020, we got assigned 100 shares with ET stock and we sold 1 covered call on this stock expiring on October 30, 2020. For this trade, we got a $20 premium (before commissions)
This trade comes as the #10 in the month of October, according to our trading plan for this month, the premium generated from this trade makes us about 2.93% from our $600 monthly goal, while in total we have already reached 18.77% so far.
here is our trade setup:
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SLD 1 ET OCT 30 '20 6 Call Option 0.20 USD
what can happen next:
If ET is trading below our strike price of 6 at the expiry date (October 30, 2020) we keep the premium and sell more covered calls to lower our cost basis.
In case ET is trading above our strike price of $6, our shares get called away at the strike price of $6 and we realize our max gain $32.8 (we made additional premium as we sold put options), or 5.46% potential income in 56 days.
Our break-even price: $5.68

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Running Total 25 Trades since April 6, 2020
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Options income: $350