oldinvestor

WMT Covered Call (Adding a second position)

Long
NYSE:WMT   Walmart Inc
I am still holding my original WMT shares form my first covered call series of trades and hope to continue that trade soon with a new call. This trade is a second position of the same caliber. I bought 100 more share of WMT at $128.52, and sold a 128 call with expiration of 3/12/21 for a credit of $2.30 last week.

Break even for the trade is currently $126.46 and max profit in relation to entry of $130.82
Trade active: Rolled out and up my second call, sacrificing 50 cents of premiums to chase the price higher. I'm not so comfortable with this idea, but that's what I get for not simply buying shares on a potential v shape recovery, at least partial recovery.
Trade active: Rolled my second WMT call up and out again for another debit of 55 cents to my position, but a large increase to max gain, now at $373
Trade active: Rolling out and Up for small credit. Just trying to keep up.
Trade active: Rolling out and Up again; feel like I'm chasing my tail. I'm never excited to sacrifice premiums to add to gains. Next time I'll buy the shares and wait a bit to sell the call...
Comment: NO CHANGES - Just an update here. I will hold steady where I am with this second covered call with WMT. Expiration is 46 days out; Underlying could too far away to be worth rolling higher, but I'm going to chance it. Lot of time to correct from today's jump.
Trade active: I rolled my second covered call higher last week and forgot to update my posts. Details on are the screenshot. I would imagine a better roll could be found today.
Trade active: Reviewed each leg in this trade and I had some errors, such as the last roll cost me 47cents... I've updated everything on paper, maybe a few digits off on my trend lines, but not by much. Latest roll accurate going all the way back.

Related Ideas

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar About Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter