SPCE - Load it at $ 2.65 and Sell Covered Call - Free Money

Updated
SPCE trading range $ 2.53 to $ 3.28

Buy 100 Share at $ 2.65 and Sell 1 Covered Call for $ 3 for $0.50 for 19 Jan

Trade is planned that we will take profit off share and close call at loss Since delta is .55 so Profit on share will be double to Loss on call sold

Covered Call gives us 20% Protection downside

We have sold call to protect any downside it may happen due to NVDA earning on 25 th Aug and market sell off
Note
Time to Book small prrofit toget anoher entry at $ 1.89
astsChart PatternsTechnical IndicatorsSPCETrend Analysis

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