I just picked up 300 shares of EEB in my mini-account and sold August $38 calls for $0.65 to rake in $180 in cash. No biggie but I only have around 13k in my mini-account so not much I can do with it. This represents 1.7% return in under 7 days since options expire next week. If I get called at 38, I’ll earn an additional $105 and boost my return to 2.7% and if my options expire worthless, I’ll look to sell September 38 calls currently trading at $1.75 for an additional 4.7% return!
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