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Selling covered calls
Nov. 9th, 2020 12:39 pm1) I own 550 UAL shares on my IRA account.
Today UAL grew enough for me to decide to sell covered CALLs on these UAL shares.
So these CALLs sold:
~~~
That means $750 premium collected to my IRA account.
Most likely, these UAL CALLs I sold - will expire worthless (2020-11-20), as usual.
UAL is at $41.12/share now (UAL is unlikely to be above $43/share strike price in 11 days).
2) I think markets are overoptimistic today (due to optimistic news from Pfizer about Covid vaccine).
3) Today my FAZ PUTs sell order that I created few months ago - also executed (because FAZ suddenly dropped ~20+%).
Today UAL grew enough for me to decide to sell covered CALLs on these UAL shares.
So these CALLs sold:
~~~
SOLD -5 UAL 100 20 NOV 20 43 CALL @1.50~~~
That means $750 premium collected to my IRA account.
Most likely, these UAL CALLs I sold - will expire worthless (2020-11-20), as usual.
UAL is at $41.12/share now (UAL is unlikely to be above $43/share strike price in 11 days).
2) I think markets are overoptimistic today (due to optimistic news from Pfizer about Covid vaccine).
3) Today my FAZ PUTs sell order that I created few months ago - also executed (because FAZ suddenly dropped ~20+%).
