With SUNE still offering stellar premium for a slightly OTM short call, I'm taking another dip at the covered call well in spite of the fact that it has run up nearly 100% from its 11/19 low and before the volatility bleeds out of it:
SUNE Covered Call
100 Shares at 6.25
1 Jan 29 6.5 short call
Entire Package $491 (which will also be your cost basis in the shares)
Max Profit: (If called away at 6.5) $159
Look to take the trade off as a unit if profit exceeds the "called away" profit ... .
SUNE Covered Call
100 Shares at 6.25
1 Jan 29 6.5 short call
Entire Package $491 (which will also be your cost basis in the shares)
Max Profit: (If called away at 6.5) $159
Look to take the trade off as a unit if profit exceeds the "called away" profit ... .
Comment:
Did not get filled and was not going to chase price ... .