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SPCE - Load it at $ 2.65 and Sell Covered Call - Free Money
Virgin Galactic Holdings, Inc.
Long
SPCE - Load it at $ 2.65 and Sell Covered Call - Free Money
By stockpivot
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Updated
Aug 24, 2023
7
Aug 22, 2023
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
Aug 24, 2023
Note
Time to Book small prrofit toget anoher entry at $ 1.89
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stockpivot
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