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How my covered call made me 3.5% or $300 for 17 days SGD 688 Cash Vouchers* up for grabs
How I Sold a 17-Day Covered Call on Prudential Financial at $97.55 – Collecting $2.99 Premium for Protection and Income When I bought Prudential at around $97.55, my plan was never just to wait passively for price appreciation. As an income-focused investor, I like to make my shares work harder for me. That’s where the covered call strategy comes in. For this position, I sold a 17-day covered call with a strike price of $97.50, collecting $2.99 per share in premium. This single move gave me nearly a 3% buffer in just over two weeks — and that’s powerful. Let me explain the logic behind it. ⸻ Understanding the Covered Call Strategy A covered call is a strategy where you: 1. Own 100 shares of a stock 2. Sell (write) one call option against those shares Because each option contract controls 1