Discover more from Covered Calls with Reinis Fischer
Sold 1 Call Option on DOW – 0.53% potential income return in 7 days
On November 26, 2021, I sold 1 call option on INTC stock with a strike price of $59 and expiry next Friday.
In case of danger, I will roll up and forward this call option.
This is not trading advice. Investments in stocks, funds, bonds, or cryptos are risk investments and you could lose some or all of your money. Do your due diligence before investing in any kind of asset.
here is the trade setup:
SLD 1 DOW DEC 03 '21 59 Call Option 0.34 USD
What happens next?
On the expiry date, December 03, 2021, DOW is trading under $59 per share - options expire worthlessly and I keep premium - if DOW trades above $59 I'm troubled as I need to deliver shares I don’t have, to avoid such scenario I will try to roll up the strike price
Break-even price: $59+$0.31= $59.31