Roll Forward and UP 1 Covered Call on KO - Potential income return 8.71% in 39 days

On March 29, 2021, we roll forward and roll up 1 covered call on KO stock expiring on April 30, 2021. The aftermath of this trade: +$8.8 (after commissions)

This trade comes as #191 in the month of March, according to our trading plan for this month, the premium generated from this trade makes us about 5.83% from our $2,000 monthly goal. While in total we have reached already 235.92% so far. Awesome.

As we have been buying KO using dollar-cost averaging our average buy price is: $49.75

here is our trade setup:

BOT    1    KO    + APR 09 '21 53 Call - APR 30 '21 54 Call Diagonal Spread    -0.02  

we decided to buy back 53 strike call, as the strike was challenged, and we didn't want to risk early assignment

what can happen next:

KO is trading below our strike price of $55 at the expiry date (April 30, 2021), in such case, we keep the premium and sell more covered calls to lower our cost basis. 

In case KO is trading above our strike price of $54, our 100 shares get called away at the strike price of $54 and we realize our max gain $433.8 or 8.71% potential total income return in 39 days

Break-even: $49.67