Aug. 24 at 5:49 PM
$BE Bloom Energy position:
I purchased 400 shares at
$205 and sold covered calls 18 days out with a
$230 strike expiring September 11, collecting
$1,800 in premium.
I’m using the covered calls as a way to generate income while giving myself some downside cushion after the recent volatility.
If BE is at or below
$230 at expiration, the calls expire worthless and I keep the full
$1,800 premium.
If BE moves above
$230, my shares can be called away at
$230, but I still keep the
$1,800 premium and the
$10,000 profit from the shares.
So essentially taking a little risk buying after a large move but with some protection. Let's see what happens.
$QQQ $SPY $DIA
