I rolled forward my covered call on GSK.
music selection: “All Along The Watchtower” — Jimi Hendrix
I’ve been playing this one for income rather than capital gains. So I wrote the call at the same strike as my entry price. There is a very strong chance of being called away this time. I sold GSK160520C00043000 for 95 cents a share. That comes out to 24.44% annualized over 33 days. The trade is currently in the money.
I have a post every day this week instead of just Monday, Wednesday, Friday as there is a cluster of trades this week.
Devour your prey raptors!