Roll Forward INGA JUL 31 '20 6.7 Covered Call Option 0.16 EUR (7.78% potential income in 45 days)

On July 17, 2020, we roll forwarded 1 covered call on INGA (Amsterdam) stock  - a position originally on June 16, 2020 with the strike price of EUR 6.7, see: Covered Call on INGA - Potential income return 4.83% in 3 days  For this roll forward covered call we got an additional EUR 16 (before commissions)

This trade comes as the #18 in the month of July, and if we stick with our trading plan for this month, premium generated from this trade makes us about 2.28% from our $700 monthly goal, while in total we have already reached 48.37% from our monthly goal so far in July. Amazing. 

Here is our trade setup

  • SLD 1 ING JUL 31 '20 6.7 Call Option 0.16 EUR

what can happen next:

On the expiry date (July 31, 2020), INGA is trading below our strike price of EUR 6.7, in such case, we keep the premium and sell more covered calls to lower our cost basis. 

In case INGA is trading above our strike price of EUR 6.7, our shares get called away at the strike price of EUR 6.7 and we realize our max gain  EUR 50 or 7.78% potential income in 45 days

Our break even price: EUR 6.18

Selling covered calls and puts with INGA stock
Selling covered calls and puts with INGA stock

  • Running Total  11 Trades since May 11, 2020
  • Options Income: EUR 80