IQ: collect $450 (4%) from this covered call trade with strike at $2.5.
Contract expires in 4.5 weeks.
The underlying almost got exercised last week when momentarily goes above $2 but then retraced to close at $1.96 on Fri.
Stock then now start rally above and probably stays above $2 as sighs of slight bullishness.
Still need to break above $2.1 which is it's 200 days MA and sustained above it to ensure continued bullishness.
In the meantime, sell these calls to collect and of gets exercised will just let it be.
My holding cost was $3.
| Side | Price | Filled | Realized P&L |
|---|---|---|
| Sell Open | 0.10 45Lot(s) | -- Closed |
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- WayneEvans·2025-07-24Sounds like a solid strategy! Collecting premium while waiting for a breakout can be a smart move.LikeReport