Earlier I bought 1000 shares of OXY at $14.50 and sold a Call. I reported that I sold a $15 Call but that was a mistake. I sold a $14.50 Call.
I still like this trade! It’s an At-the-Money Call. I do get a 3.4% return with the premium, but if assigned, I will NOT make money on the stock sale.
I’m sorry for this mistake.
Successful Trading,
Steve
The Options Coach
Your a great coach, Steve
Thank you for the note, Seth! This is the first nice note I received on a post reporting a mistake lol.
Steve