Made a 2 contract In-the-Money Covered Call trade with Contextlogic (WISH).
Buy 200 Shares WISH @ $11.46
Sell to Open 2 WISH 6/18/21 $11.00 C @ $1.50 (+$300)
This is another stock with monthly options. WISH was on the option’s Unusual Activity list so I decided to make a trade. I did an In-the-Money Covered Call for a better chance to get assigned. I bought the stock at $11.46 and sold the $11 Call for a premium of $1.50. If I get assigned I’ll give back 46¢ on the stock and profit $1.04 with the premium for a 9% return.
Successful trading,
Steve
The Options Coach