Roll Forward Energy Transfer (NYSE:ET) DEC 04 '20 6.5 Covered Call Option 0.07 USD (4.3% potential income in 94 days / 16.69% annualized)

On November 2, 2020, we roll forward 1 covered call with ET stock, a position established in September

This trade comes as the #1 in the month of November, according to our trading plan for this month, the premium generated from this trade makes us about 1.02% from our $460 monthly goal, while in total we have already reached 1.02% so far.

here is our trade setup:

  • SLD 1 ET DEC 04 '20 6.5 Call Option 0.07 USD

what can happen next:

If ET is trading below our strike price of 6.5 at the expiry date (December 4, 2020) we keep the premium and sell more covered calls to lower our cost basis.

In case ET is trading above our strike price of $6.5, our shares get called away at the strike price of $6.5 and we realize our max gain $28  or 4.3% potential income in 94 days.

Our break-even price: $6.23

Selling covered calls with ET stock
Selling covered calls with ET stock
  • Running Total  30 Trades since April 6, 2020

  • Options Income: $378