SLD 1 GPS MAY 08 '20 8 Call Option 0.22 USD

Bought on margin 100 shares of GPS (Gap Inc) at $7.585 per share to sell simultaneously 1 covered call contract with 7 days expiry on May 8, 2020

Here is the setup:

  • BOT 110 GPS Stock 7.585 USD
  • SLD 1 GPS MAY 08 '20 8 Call Option 0.22 USD

Potential income return 8.37% in 7 days
Break-even: $7.365