In March 24, 2021, we sold 1 naked call on AMWL stock expiring on September 17, 2021. For this trade, we got a $115 premium (before commissions).
This trade comes as #167 in the month of March, according to our trading plan for this month, the premium generated from this trade makes us about 5.63% from our $2,000 monthly goal. While in total we have reached already 333.74% so far. Awesome.
here is our trade setup:
SLD 1 AMWL SEP 17 '21 30 Call Option 1.15 USD
what can happen next:
AMWL is trading below our strike price of $30 at the expiry date (SEP 17, 2021), in such case, we keep the premium.
In case AMWL is trading above our strike price of $30, we are troubled as we have to deliver 100 shares at the price of USD 30, to avoid that we will try to roll up and for credit. Our max gain $112.6 or 3.75% potential total income return in 177 days