Covered Call Trade Initiated in Citigroup (C)

I have to say at the outset that opening a covered call trade today felt uncomfortable. For me, it feels like the stock market has had an excellent run and is about to roll over. That being said, as a systematic trader I have to follow my processes. Today, I bought...

Results of Call Options That Expired on April 16

I had eight covered call trades for which the call options expired yesterday and six of the stocks closed higher than the strike price so those stocks will be assigned to the holders of the calls. For the two stocks that closed below the strike, one was FTCH and it...

New Covered Call with Abbvie (ABBV)

Today I purchased shares of healthcare firm Abbvie at $106.11 and immediately sold May-21 $110.00 calls for a premium of $1.68. This trade has the benefit of capturing the expected dividend of $1.30 but carries with it some potential risk associated with holding the...

Covered Call With Comcast (CMCSA)

Comcast has passed one of my covered call screeners for the past few days so I pulled the trigger this afternoon and purchased shares followed by immediately selling Apr-16 $55.00 ITM calls for $0.96/ea. If the shares are assigned on April 16 to the holder of the...