Today, after some thinking I decided to sell a covered call against the additional 100 shares I bought earlier. See the adjustment here.
Here are the trade details:
| Bought 100 shares TASR: | $6.90 |
| Strike: | $7.50 |
| Sold 1 Covered Call: | $0.45 |
| Total Purchase: | $645.00 |
| Commissions: | $8.78 |
| Total purchase: | $643.78 |
| Expected Option Assignment: | $750.00 |
| Option Assignment Fee: | $19.00 |
| Expected Proceeds: | $731.00 |
| Expected Net Gain: | $77.22 |
| Expected ROI: | 11.81% |
Happy Trading!
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