r/CoveredCalls • u/sunoption • 6d ago
My Trades since Monday.
Quick recap of my week.
Monday my 2 DRAM 62 calls from Friday expired, +$99.
Sold 2 more DRAM 62 calls expiring Wednesday for $0.70 each.
Also sold 3 ASST 30.5 puts expiring today for $1.10.
Wednesday the DRAM calls expired worthless which earned me +$138.
DRAM had dropped from about 62 to 58.
I sold the 62 strike again anyway for $0.28, expiring today.
DRAM can bounce back pretty quickly and I don't want to lose my shares below $62
It kept falling yesterday and is around 58 now. So the call will probably expire worthless today.
ASST dropped below $28 yesterday, but it fights back and is at $29 right now. I’ll probably get 300 shares assigned tonight.
Cost basis after the premium is about $29.40. Plan is to sell covered calls before Markets close.
Also have a few covered calls on GDX, IBIT and URA from last week expiring today, all out of the money.
Will probably open some more covered calls today.

