Roll Forward BCS NOV 20 '20 6 2x Covered Call Options 0.05 USD (6.58% potential income in 122 days / 19.61% annualized)

On September 24, 2020, we roll forwarded 2 covered calls of BCS stock - a position originally established on July 21, 2020.

BCS stands for Barclays PLC - London headquartered multinational bank holding company - Barclays plc is a British multinational investment bank and financial services company, headquartered in London, England. Apart from investment banking, Barclays is organized into four core businesses: personal banking, corporate banking, wealth management, and investment management

This trade comes as the #34 in the month of September, according to our trading plan for this month, the premium generated from this trade makes us about 0.65% from our $800 monthly goal, while in total we have already reached 77.49% so far this month

Here is our trade setup:

  • SLD 2 BCS NOV 20 '20 6 Call Option 0.05 USD

what can happen next:

If BCS is trading below our strike price of $6 at the expiry date (November 20, 2020) we keep the premium and sell more covered calls to lower our cost basis.

In case BCS is trading above our strike price of $6, our shares get called away at the strike price $6 and we realize our max gain $76, or 6.58% potential income in 122 days.

Our break-even price: $5.56

  • Running Total 8 Trades since July 21, 2020

  • Options income: $39