Jan 3 is too quick to get all the stragglers.
JCP is not exactly your ideal covered call candidate. I did sell some covered ITM calls on AT&T but the chart got even weaker so I just sold after they expired. Usually want larger stable companies that pay some dividends or not real strong growth companies.
I'm up 15% since I bought 2500 shares. I haven't sold a covered call yet though.
That's why JCP isn't your ideal covered call. The risks that it moves one way or the other are too high. If it moves up you don't get the upside and they are trying to scrape by and avoid bankruptcy. I suppose your option premiums will be higher with the volatility but still not a great covered call candidate.
Which month are you looking at selling?
Welcome to stocks with tiny market capsFTK up almost 100% today. Wish they would have told me they were selling part of their business when I bought more of their stock on Tuesday. Overall still in the red on this crap stock.
How is $ROKU not a screaming buy.. Someone talk me out of it