How I made 7% in 40 days $700 for covered call of spyg
@Optionspuppy:
Maximizing Gains: A Breakdown of My SPYG Covered Call Strategy 💰📈 I’m currently running a covered call strategy with SPDR Portfolio S&P 500 Growth ETF (SPYG), and I’m excited to share the potential returns from this setup over the next 40 days. Let’s break down the numbers and see how much I stand to gain in both absolute terms and percentage. My SPYG Position and Covered Call Details 1. SPYG Holdings: • Shares Owned: 100.146 • Current Market Price: $90.69 • Total Investment: $9,082.24 • Unrealized Gain on Shares: $365.46 2. Covered Call Sold: • Option Type: SPYG Call • Strike Price: $89 • Expiration Date: March 21, 2025 • Premium Collected: $3.50 per share (Total: $350) • Current Option Value: $3.07 per share • Unrealized Loss on Option: -$42.76 Maximum Profit Calculation 🧮 1. Premium