This is part of the wheel strategy. Opened this covered call as I had been assigned 100 shares at $35. Get to collect about 1% premium for 1 week. Note that the strike of this trade is higher than my assigned price. Hence, I am still profitable if this option is being exercised.
| Side | Price | Realized P&L |
|---|---|---|
| Sell Open | 0.47 | -- Closed |
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