In my post “Deep In-the-Money Covered Call with Churchill Capital” I posted that I sold a Call with the Strike Price of $13.50. The correct Strike Price is $23.50. I’m sorry I hit the 1 and not the 2. The correct trade is below.<\/p>\n
<\/p>\n
Buy 1000 Shares CCIV @ $24.50<\/strong><\/p>\n Sell to Open 10 CCIV 6\/18\/21 $23.50 C @ $1.50 (+$1500)<\/strong><\/p>\n <\/p>\n If I get assigned I’ll lose $1000 on the stock sale and keep the $1500 premium for a $500 profit. The return will be 2%. If the stock drops and I don’t get assigned I’ll keep the entire premium of $1500 for a return of 6.1%. But my stock will be lower than my buy-in price.<\/p>\n <\/p>\n Steve<\/p>\n","protected":false},"excerpt":{"rendered":" In my post “Deep In-the-Money Covered Call with Churchill Capital” I posted that I sold a Call with the Strike Price of $13.50. The correct Strike Price is $23.50. I’m sorry I hit the 1 and not the 2. The correct trade is below. Buy 1000 Shares CCIV @ $24.50 Sell to Open 10 […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false},"version":2}},"categories":[1],"tags":[],"class_list":["post-11665","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75MP0-329","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/11665","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=11665"}],"version-history":[{"count":1,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/11665\/revisions"}],"predecessor-version":[{"id":11666,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/11665\/revisions\/11666"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11665"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11665"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11665"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}