LSFT: collect 4.6% premium for these covered call with strike at $8.
contract expires in 4 weeks on 21st Mar.
prior to this options trade, had bought in shares at $7.75 so as long as stock stays above $7.38, I'll break even.
Top side is profit is limited to $8.12 max until 21st Mar due to combination of stock and covered call premium. Best scenario is for the stock to stay between $7.75 to $8 as that will ensure positive capital for the stock and also max earnings on the covered call premium.
Earnings for LSFT due Tues 27th Feb so will know the outcome soon.
| Side | Price | Realized P&L |
|---|---|---|
| Sell Open | 0.37 | -- Closed |
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- JudyFrederick·2025-02-25Your strategy sounds solid, especially with the earnings on the horizon.LikeReport
- KL8388·2025-02-24kLikeReport
