Covered Call Trades on March 26 (HD, NEM, GILD)

by | Mar 27, 2021 | Covered Calls

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Yesterday, I saw an opportunity to close my Home Depot Apr-16 $260.00 covered call trade early and achieve a higher annualized return than would be achieved if I held the calls until expiry so I closed the trade for an annualized return after commissions of 43.3%. The cash which became available from closing the HD trade went, in part, to opening new covered call trades in Newmont Mining (May-21 $60.00) and Gilead Sciences (Apr-01 $65.00). The two new trades were essentially at-the-money (ATM) and have maximum annualized return potentials of 33.1% (NEM) and 57.2% (GILD).

Home Depot

Home Depot Covered Call

Newmont Mining

Newmont Mining Covered Call

NEM Price Chart


Gilead Sciences

Gilead Covered Call

GILD Price Chart