Current total cost of owning 100 shares is 12.18 = S1218 (the math in the video is wrong)
Plan is to sell Nov 24 call strike price 12 limit order at 0.20
This will reduce our total cost to own to about S1198.
The plan is to continue selling cover call to reduce total cost.
Plan is to sell Nov 24 call strike price 12 limit order at 0.20
This will reduce our total cost to own to about S1198.
The plan is to continue selling cover call to reduce total cost.
Comment:
AAl moving faster than anticipated, close out cover call higher than what I sold it for. Bringing total cost to own $12.26 per share. I'm not planning to sell any cover call at the moment and see if the stock price will go to $12.50 in the next couple weeks.