On October 21, 2022, we bought an additional 1 share of Amazon (NASDAQ: AMZN) paying $118.63 per share for our Partnership Fund.
We are now holding 7 shares of AMZN in our Partnership Fund portfolio
Using dollar-cost averaging our average cost per AMZN share is $119.98
93 shares to go once we will be able to start selling covered calls and generate extra income from AMZN. We are looking to get there by April / May 2023
If we had 100 shares of AMZN today, we could sell November 18, 2022, covered call (monthly options) with a strike price of $125, to get a $4.00 premium. In case our shares would get called away on expiry we would realize $902 income in about 28 days, that's a potential return of 7.52%
If our options would expire worthlessly, we would pocket $400 or about 3.33% potential return in about 28 days, and start over by writing additional call options
About Amazon incAmazon.com, Inc. is an American multinational technology company that focuses on e-commerce, cloud computing, digital streaming, and artificial intelligence. It has been referred to as "one of the…