Update on EW Covered Call Position

We were hoping to see a rebound in EW stock price and have not sold any calls since the Jun $12 $74.2 Calls expired. Unfortunately the stock has not rebounded but continued down. Without writing calls to provide downside protection the drop in price impacts 100%. Overall the call options are generating a profit of $1,914 which partially offsets the $7,300 loss on the stock. Plans are to continue to not write calls and see a rebound in stock price…..but it is getting expensive.

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