Wrote my first covered call option. Mapped out the possibilities at maturity.... If I understand it correctly.
* if your going to erk out more bang on your PLUG position go with 5-10% added to your stock position with a long call if you think direction up fast (1 month or less expiration Deep OTM). PLUG has an extreme high implied volatility reading, so options are very expensive right now. If you don't know direction, but expect volatility to move higher .. Go with a strangle option strategy... then go 5% calls 5% puts ..Long Call +/- 2.5 ( by the looks of your chart) Long Call $10, Long Put $5 .. you might want to go with May on that Strangle