Sold 10 Call options on Citi at $0.39 a contract. Total premium taken in $373.53. This is a covered call since I do own the 1,000 underlying shares of C.
As with my trade 2 days ago, I wouldn’t mind being taken out of 1,000 shares of Citi at $3.39. It would be fine if I had to deliver on the contract tomorrow. It is a heck of a premium for 1 day. Granted, earnings are tomorrow.
If it dips prior to the close, I will still be looking to cover for a small gain.
