Covered Call Strategy on STE after 180 Days, Unrealized Profit of $10,045, 32.6% ROI or 66% Annualized

On Jun 1/20 we established a covered call with 200 shares of STE and sale of 2 Jun 19 $155 Call options. Since that time we have developed the position by adding additional shares (performance was good so we added more shares) and rolling the calls 7 times. Overall the performance has been similar to just owning the shares. We also collected three dividends.

We are pleased with the performance of the STE covered call strategy and plan on continuing to roll the options and keep the shares for at least 12 months so we reach long term capital gains status.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s