Long
SUNE -- A SECOND DIP AT THE COVERED CALL WELL

With SUNE still offering stellar premium for a slightly OTM short call, I'm taking another dip at the covered call well in spite of the fact that it has run up nearly 100% from its 11/19 low and before the volatility bleeds out of it:
SUNE Covered Call
100 Shares at 6.25
1 Jan 29 6.5 short call
Entire Package $491 (which will also be your cost basis in the shares)
Max Profit: (If called away at 6.5) $159
Look to take the trade off as a unit if profit exceeds the "called away" profit ... .
SUNE Covered Call
100 Shares at 6.25
1 Jan 29 6.5 short call
Entire Package $491 (which will also be your cost basis in the shares)
Max Profit: (If called away at 6.5) $159
Look to take the trade off as a unit if profit exceeds the "called away" profit ... .
Note
Did not get filled and was not going to chase price ... .Disclaimer
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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.