Latest Stock Buy: Bought 2 AMZN shares at $89.47

| Investments | 1 seen

On December 9, 2022, we bought an additional 2 shares of Amazon (NASDAQ: AMZN) stock, paying $89.47 per share for our Partnership Fund.

We are now holding 13 shares of AMZN in our Partnership Fund portfolio

Using dollar-cost averaging our average cost per AMZN share is $107.46

87 shares to go once we will be able to start selling covered calls and generate extra income from AMZN stock. We are looking to get there by April / May 2023 using a margin account.

If we had 100 shares of AMZN today, we could sell January 20, 2022, covered call (42 days to expiry) with a strike price of $110, to get a $0.46 premium. In case our shares would get called away on expiry we would realize $300 in income in about 42 days, that's a potential return of 2.79%

If our options would expire worthlessly, we would pocket $46 or about 0.142% potential return in about 42 days, and start over by writing additional call options.

About Amazon inc, 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