A short video how I made a quick $91.6 by writing a covered call on NYSE:BMY stock
Hello everyone, my name is Reinis Fischer and you're watching my YouTube channel where I talk about stock investments and options trading
Today I'm going to talk about how I made a quick 100 bucks in eight days by selling a covered call on Bristol Myers Squibb stock.
A long story short on April 15 I bought 100 shares paying about $64.51 per share. In total, my investment was $6,451. Simultaneously, or I did the so-called buy/write operation, I sold a covered call on this stock was expiry in the next week, setting my strike price $65
I was buying this stock for $64.51 and I was setting my strike price 49 cents higher. For this trade, I got in premiums about 45 bucks, and a week later my hundred shares got called away and I realized my max gain - a 91 dollar and 60 cents or that's about 1.48 yield in eight days. I find this quite awesome