$ARM Holdings Ltd(ARM)$ Well, after buying 500 shares of ARM at $120.89 last Wednesday and initially selling the Sept 6 $123 covered calls, I've now rolled them to a higher strike for a third time, this time to the Oct 25 $140's for another small credit. I'm now sitting on $4.45 in premiums on the 5 covered calls sold and am now sitting on 500 shares that are currently up $17 for a one week trade. And to think, that original $61K spent on the shares was just sitting there in a Schwab money market account earning 1.35% a year in interest. Not a bad investment for a 1 week trade. Let's see if the price holds by Oct 25. If the stock moves higher by then, I can always roll the strike higher and a little further out in time for another small premium credit. So that's the plan, now let's see how well it works. 😊
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