BeoDefstar
Nov 14, 6:00 PM
$ENPH so we're still in this stupid channel. It was starting to break out on the upside for a minute there and then dropped right back down into the channel again. So I keep selling covered calls on my 1800 shares with a
$27.50 strike which is super stressful because obviously when this thing goes up it goes up to over
$30 a share which caps my gains. But I guess as long as it stays in this range long enough I can make enough weekly premiums to offset whatever gains I miss out on when it finally does blow past my strikes. The premiums aren't too shabby, it's like
$60 per per contract and since I own 1,800 shares I'm able to sell 18 contracts every single week, so after 2 weeks of chilling in this range, I've been able to make
$1.20 per share on my shares, which would average out to about
$2.40 per share per month if the premiums stay consistent.
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