Latest Stock Buy: Bought 1 AMZN share at $118.63

Updated: 25 October, 2022 seen 98

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 inc

Amazon.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 most influential economic and cultural forces in the world", and is one of the world's most valuable brands

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