5 August, 2022 seen 26This article has been sitting in the blog's draft section since May 2018, I decided I just have to write an answer to…
On June 4th, 2019, I sold the following covered call - WPG OCT 18'19 5 @0.1
Got for this trade a premium of $10, but I will be obligated to sell 100 shares of WPG if the strike price will be $5 and more per share by OCT 18, 2019.
WPG has been in our portfolio since the end of the 2018 Latest Stock Buy For Child Investment Portfolio: WPG
WPG is experiencing a hard time now, the value for share is dropping fast, some even call it a rotten egg (4 Rotten REIT Eggs Your Basket Doesn't Need)
Break-even price: $5.10
This latest covered call also gives 4% yield annually.
Let's see how things will develop with WPG in the future.