We opened a covered call on AMT on Apr 1, 2021 (so far it hasn’t been an April Fool joke!). The strategy is working well. In addition to collecting the option premiums we have also received $251 in dividends. Stock appreciation is generating the bulk of the profit. The appreciation has forced us to “roll up” at losses resulting in a net loss on the options of $639. Pleased with the overall profit of the strategy……should sell higher strike calls. We have rolled the options 8 times and been assigned once. Position is with 100 shares of stock and selling 1 call.
Charts below shows the daily evolution of the stock, option, dividend and net profit.
We have rolled the options 8 times and been assigned once over the 102 days.