FIG — Selling another covered call
FIG — Got assigned at $24.50 originally. This is the second covered call against it. Last week's expired worthless, collected that premium, now selling the $26 call again. Collected another $100.
Adjusted basis is down to $24.17 now. If it gets called away at $26, that's $996.75 profit. If not, I keep the premium and sell another next week.
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Chris McCarthy
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FIG — Selling another covered call
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