I did a couple of trades early today and just now have the time to blog about it. I bought 100 shares of FAZ at $9.93 and sold 1 January $10 contract for a cool $0.55 to rake in a whopping $54 or 4.2% return in a month! I also kept my UNG shares from my previous ETF covered call so I sold 10 contracts for February $10 strikes for a cool $0.27 to rake in about $250. So overall I raked in about $300 in one day. Nothing much to write about except some cash is better than no cash in this market.
By the way, my FCG shares were assigned at $18 so I got about $9k back in cash.
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