Bought this at $48.63 , 100 shares.
And with "insurance" (protection with a sell call of strike price $55) which was closed at premium of $1.22 ;
Once exercised, total profit can amount to $55-$48.61 = $6.39 , x100 shares
+
1.22 x 100 shares
= $ 639 + $122 = $761
It's been awhile that I could amass such gains already.. covered options is definitely a good idea & saved me from my losses if I have not purchased "insurance"[Wow]
Shall proceed with such strategies that are more manageable to me with my future option plays so won't get cold feet when the options don't turn out well. Try it if you haven't done so!
Hope this helps motivate you more to try options & let's HUAT together 🙌🏻
Modify on 2024-03-06 01:01
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