Shares of AMD closed on April 23 at $82.76 which was well above the $77.00 strike price on the calls I sold on April 13 for $3.70. Accordingly, my shares will be assigned to the holder of the calls and I get to record a successful trade with a 39% annualized profit. AMD continues to pass one of my screeners but the earnings report is due to be released on Tuesday so I will wait until after that to consider another covered call trade with AMD.

My Market Meter which provides guidance on the outlook for risky assets has moved from 2.5 to 5.0. Following guidance from that meter, I should select slightly higher strike prices for covered calls than I have over the past month.