Drive Shack Inc - Lets Do A Write Covered Call Option

Symbol: Drive Shack Inc
Current Price: $4.66
Purchase Price: $4.66
Number of shares: #400
Total cost: $1,864

Write (Sell<-- Always want to be Bank or Casino)
Option: 18th May $5.00 Call
Price per option: $.20
Contracts: #4 x 100
Total cost: $80 (credit, you get now back in account)
Estimated returns: Drive Shack Inc at $4.66 on 22nd Mar 2018
Maximum risk: $1,784
Maximum return: $216 at a price of $5 at expiry
Break-evens at expiry: $4.46

*Note: Not much down size, for a covered call for next around 60 days. Only 0.54 price action bullish run to hit $5.00 (goal), then you could see your position anytime before date of expiry, if it will not cost you much money. PA is right on Golden Ratio of Fib. Ret...which should be respected by PA for reversal.
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