CELH: collect $216 (1.2%) premium on these short calls with strike at $60.
Contracts expires in 3.5 weeks on 17th Oct.
CELH is down 17% from its high made on 29th Aug.
Took the opportunity to sell these covered calls to capture some premium on the way down to offset the paper loss holding the long positions.
Strike selected at $60 which is the holding cost, so will be happy to nett off the pair trades should price reverse back above $60.
Else will just trade and collect premium to offset the holding cost.
| Side | Price | Filled | Realized P&L |
|---|---|---|
| Sell Open | 0.72 3Lot(s) | -- Closed |
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- AllenBartlett·09-25Great strategy! Wishing you success! [Cool]LikeReport