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%
Note
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.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.