Rolling (IRA): UAL October 15th 48 to November 19th 48
... short call for a 1.37 credit.
Comments: Trying to milk a little more out of this covered call by rolling the short call aspect out a month to November while the implied is >50%. My cost basis in my shares was 46.93 (See Post Below); rolling out the short call reduces that to 45.56 with a max profit potential of the short call strike (48.00) minus my cost basis (45.56) or 2.44 ($244).
Comments: Trying to milk a little more out of this covered call by rolling the short call aspect out a month to November while the implied is >50%. My cost basis in my shares was 46.93 (See Post Below); rolling out the short call reduces that to 45.56 with a max profit potential of the short call strike (48.00) minus my cost basis (45.56) or 2.44 ($244).
