Taking advantage of this "little" dip here to initiate a covered call in this little, high implied volatility bugger (at some point, I'll make the move to "quality" ... ).
Metrics:
Bought Shares at 4.73
Sold Oct 21st 5 call
Whole Package: 4.40
Max Profit: $60
ROC: 13.6%
Metrics:
Bought Shares at 4.73
Sold Oct 21st 5 call
Whole Package: 4.40
Max Profit: $60
ROC: 13.6%
Comentário:
Covering this setup here for a 4.82 credit; net profit of $35 per 100 shares/contract (7.95% ROC). It hasn't moved much since I put it on, so I thought I'd take the opportunity to take profit here.