GFS: collect 0.75% on these covered calls with strike at $45.
Contract expires in 6 weeks on 20th June.
These are to replace contracts that is expected to expire worthless by this Fri.
GFS had rallied more than 30% off its bottom just in the past month and also gapped up on Mon 12th May when the news of US and Chinese tariffs de escalation floated most stocks higher.
Will have 2 sets of covered calls set to expire this Fri at strike $40 and $45.
if market close above $40, I'll still let them go and recycle the capital elsewhere and take in the capital loss as my average holding cost are in the $60+.
| Side | Price | Filled | Realized P&L |
|---|---|---|
| Sell Open | 0.35 3Lot(s) | -- Closed |
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- DeltaDrift·05-16Great insights[Happy]LikeReport