oldinvestor

WMT Covered Call (Adding a second position)

Long
oldinvestor Updated   
NYSE:WMT   Walmart Inc.
I am still holding my original WMT shares form my first covered call series of trades and hope to continue that trade soon with a new call. This trade is a second position of the same caliber. I bought 100 more share of WMT at $128.52, and sold a 128 call with expiration of 3/12/21 for a credit of $2.30 last week.

Break even for the trade is currently $126.46 and max profit in relation to entry of $130.82
Trade active:
Rolled out and up my second call, sacrificing 50 cents of premiums to chase the price higher. I'm not so comfortable with this idea, but that's what I get for not simply buying shares on a potential v shape recovery, at least partial recovery.
Trade active:
Rolled my second WMT call up and out again for another debit of 55 cents to my position, but a large increase to max gain, now at $373
Trade active:
Rolling out and Up for small credit. Just trying to keep up.
Trade active:
Rolling out and Up again; feel like I'm chasing my tail. I'm never excited to sacrifice premiums to add to gains. Next time I'll buy the shares and wait a bit to sell the call...
Comment:
NO CHANGES - Just an update here. I will hold steady where I am with this second covered call with WMT. Expiration is 46 days out; Underlying could too far away to be worth rolling higher, but I'm going to chance it. Lot of time to correct from today's jump.
Trade active:
I rolled my second covered call higher last week and forgot to update my posts. Details on are the screenshot. I would imagine a better roll could be found today.
Trade active:
Reviewed each leg in this trade and I had some errors, such as the last roll cost me 47cents... I've updated everything on paper, maybe a few digits off on my trend lines, but not by much. Latest roll accurate going all the way back.

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