Roll Forward Deutsche Bank (FRA:DBK) OCT 16 '20 7.4 Covered Call 0.17 EUR (Potential income 4.67% in 25 days / 68.18% annualized)

On October 2, 2020 we roll forwarded 1 covered call on Deutsche Bank (FRA:DBK) stock - a position originally established on September 21, 2020.

Deutsche Bank AG is a German multinational investment bank and financial services company headquartered in Frankfurt, Germany, and dual-listed in New York Stock Exchange and Frankfurt Stock Exchange. The bank's network spans 58 countries with a large presence in Europe, the Americas and Asia

This trade comes as the #2 in the month of October, according to our trading plan for this month, the premium generated from this trade makes us about 2.70% from our $600 monthly goal, while in total we have already reached 4.57% so far.

Here is our trade setup:

  • SLD 1 DBK OCT 16 '20 7.4 Call Option 0.17 EUR

what can happen next:

If DBK is trading below our strike price of EUR 7.4 at the expiry date (October 16, 2020) we keep the premium and sell more covered calls to lower our cost basis.

In case DBK is trading above our strike price of EUR 7.4, our shares get called away at the strike price EUR 7.4 and we realize our max gain EUR 34.46, or 4.67% potential income in 25 days.

Our break-even price: EUR 7.06

Selling Covered Calls with DBK stock
Selling Covered Calls with DBK stock
  • Running Total  3 Trades since September 21, 2020

  • Options income: EUR 31