On August 28, 2020, we sold 1 covered call on TLRY stock expiring on September 4, 2020. For this trade, we got a $10 premium (before commissions).
This trade comes as the #59 in the month of August, and if we stick with our trading plan for this month, the premium generated from this trade makes us about 1.01% from our $750 monthly goal, while in total we have already reached 125.17% from our monthly goal so far.
We sold this call, just shortly we got assigned 100 shares of TLRY, see:
here is our trade setup:
- SLD 1 TLRY SEP 4 '20 7 Call Option 0.10 USD
what can happen next:
TLRY is trading below our strike price of $7 at the expiry date (September 4, 2020), in such a case, we keep the premium and sell more covered calls to lower our cost basis.
In case TLRY is trading above our strike price of $7, our 100 shares get called away at the strike price of $7 and (as we have already collected some premium from selling puts) we realize our max gain $41 or 5.85% potential income in 30 days
- Running Total 9 Trades since July 23, 2020
- Options income: $95