UAL covered CALLs
Dec. 4th, 2020 08:23 pm![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png){kind=small}
dennisgorelik4 weeks ago I sold 5 UAL covered CALLs.
I made money, but I would have made more if I did not sell these CALLs.
UAL grew from $41.12/share (2020-11-09) up to $49.24/share today (2020-12-04).
So now I have to sell my 500 UAL shares at $43/share -- at a profit for me, but $6.24/share below current market price.
And I only got $1.50/share premium for that lost opportunity [to sell UAL for full $49.24/share price].
I think UAL will drop again, and if that drop happens - I may buy UAL shares again (so I will be able to sell UAL covered CALLs).
I made money, but I would have made more if I did not sell these CALLs.
UAL grew from $41.12/share (2020-11-09) up to $49.24/share today (2020-12-04).
So now I have to sell my 500 UAL shares at $43/share -- at a profit for me, but $6.24/share below current market price.
And I only got $1.50/share premium for that lost opportunity [to sell UAL for full $49.24/share price].
I think UAL will drop again, and if that drop happens - I may buy UAL shares again (so I will be able to sell UAL covered CALLs).
