$ARM Holdings Ltd(ARM)$ To anyone who might be confused by my trades, I own two batches of ARM shares for which I've been selling covered calls. The much larger batch of shares were bought weeks ago and on those shares I previously sold the Sept 20 $145 covered calls and then rolled them back to the Sept 13 $138's for a small credit. I'll be rolling those to a higher strike tomorrow.
The second batch was the 500 shares I bought for $120.89 per share last Wednesday 9/4 and for which I previously sold 5 Sept 6 $123 strike covered calls. After rolling them four times in the last week further out in time and to higher strikes, I'm now sitting on 5 Nov 15 $150 covered calls. So in one week, I'm now up $5.25 in premiums and almost $19 per share with the share price.
Two separate batches, two separate strategies. And that my friends, is how to maximize your gains with ARM.
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