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
Running Total 30 Trades since April 6, 2020
Options Income: $378