WOLF: collect 2.25% premium from this covered call with strike at $7 which is 18% above last close.
Contract expires next Fri on 14th Feb.
WOLF had lost 95% of its market cap from $140 in 2022 to current levels.
Won't be needing WOLF to go back to those glory days, just maybe a small rebound on market shares when the company turns around.
Patience is running out so most likely will be selling more aggressive near the money calls in the future to collect more premiums even at the risk of losing the shares below holding cost.
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