GFS: collect 0.9% premium on this sold call with strike at $50.
Contract expires in 5 weeks on 21st Mar.
Poor timing on the execution. GFS had risen sharply last week and took a breather the next 2 sessions. Thinking that the rally is over, sold these calls for premium at better strike point, only for the stock to move up again on 18th Feb when reopens after the long weekend.
Earnings had been poor, so I actually don't know why the strong rally. Will try to capitalise on the situation and if ever need to get called away, happy to do so and recycle my capital.
Had been holding GFS at loss as my average holding cost is around $60+.
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- AdamDavis·2025-02-19Tough breakLikeReport