Covered Calls with Reinis Fischer

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Poor Man's covered call with Virgin Galactic stock(SPCE) - potential income 6.23% in 7 days

coveredcalls.reinisfischer.com

Poor Man's covered call with Virgin Galactic stock(SPCE) - potential income 6.23% in 7 days

Reinis Fischer
May 21, 2021
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Poor Man's covered call with Virgin Galactic stock(SPCE) - potential income 6.23% in 7 days

coveredcalls.reinisfischer.com

On May 21, we bought 1 LEAP call option on SPCE, with expiry on January 20, 2023 (2 and a half years) with a strike price of $10, and simoultenounly sold a weekly call option against this position with expiry on May 28, 2021 for this sell we got an $81 in options premium

here is our trade setup:

  • BOT 1 SPCE Jan20'23 10 CALL 13.00 USD

  • SLD 1 false SPCE May28'…

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