SOUN I'm stacking shares and selling 2 week out covered calls
I've bought 500 shares of SOUN since last week, around $8/share.
Selling $10 covered calls with 2 weeks out till expiration.
This trade gives 25% upside on the shares.
In addition to the possible 25% overall return I'm getting about $20/contract that is another 2.5% while I wait for the trade to play out.
I also am selling 2 puts on SOUN at 8 strike, this is giving 4%/week on the contract currently. If the SOUN price drops doesn't matter to me $8/share is a great price for a solid company.
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SOUN I'm stacking shares and selling 2 week out covered calls
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