OXY Covered Call

I just entered a position with Occidental Petroleum (OXY). I bought 1000 shares at $23.75 and sold 10 contracts of the OXY 6/12/20 $24 Call for a premium of $1.80 for $1800.

Buy 1000 Shares OXY @ $23.75

Sell to Open 10 OXY 6/12/20 $24.00 C @ $1.80 (+$1800)

This premium is a return of 7.5%. I just hope OXY stays in this price range until the end of the week and I get assigned. This trade gets a Risk Factor 1.

Successful Trading,

Steve

The Options Coach