You can only sell a covered call once unless you close out a previous one.
IF you did not sell calls yesterday do not blame me.
I posted all weekend and Monday a.m. to do the same
If you won stock sell these..pre-tax cash of $11.35 a share
to sell a JAN covered call for $10+ a share. this way you will pocket AAPl dividend as well.
that will be $.54 X 3 = $1.62 until Jan 2016 for net total of $11.62 per share
lock in profits
today is proof!
THis is why we posted to close out all calls that were profitable by close yesterday
There is a large open interest in May 1 $130 to $134 calls. The reason why they were sold is obvious. The buyers can use them to profit if stock goes up or as a hedge to short action.
This is why I think the action is range bound until next week
the action is in the hands of computers driven by option plays
If you won May 1 calls it is best to rotate into later dates if stock pops or take profits.
Wall Street will be looking to kill the premium before Friday
option price - "in the money" = premium.
I am interested to see what it will be today
If you are long and a stock nose dives. To erase the paper lost sell a covered call at your purchase price for a later date. back to 100% principle.
On the flip side, if you are short and a stock runs..buy back the stock and sell a similar long term covered call.
Bot above also give you a profit..
$135 - $136 is the battlefield.
Buyers of May 1 $130, $131 and $132 yesterday need this as break even and sellers need it lower to profit,
Buyers of $133 and $134 need $136 - $136,50
I never said to sell these naked but if you own them to take profits yesterday at the close. I did say to HOLD the stock