Trade: NFLX $100 Call (Exp 03/27)
Originally sold for: $1.05Bought back (BTC): ~$0.03
👉 Collected: $210👉 Closed for: ~$6👉 Profit: $204
That’s about 97% of the premium captured — without waiting until expiration.
This is exactly the goal with covered calls:Don’t sit around for the last few dollars… take the win, free up your shares, and reset the trade.
Now I can turn around and sell another call and keep the income cycle going 🔁
Lesson:Time decay did its job (Theta 📉), and we got paid.
On to the next one.