11.17.25. Stock $38.57. Cost $41. Net debit (cost basis) after selling stock's covered calls $37.80.
Sold stock 11.21.25 (4 days) $41 strike (no gain) covered calls for $1.64 per share, or $164 per call option contract. Delta .41 (41% probability of being called). Implied volatility an extremely hit 158%. The bid asks on the call options are very wide. Options volume is low. I had to lower my ask price several times as the stock fell from its highs to get a fill. If the stock is called, the RoR will be 41-37.80=$3.20 per share, or 7.8%. The annalized RoR about 7.8 x 23=179.4%. Not bad. The 23 is the 23 trades that might be done if a trader did the same kind of covered calls trades about 23 times every 12 months. If I could do this covered call trade 23 times a year my per share premium income would be $1.64*23=$37.72 . It won't happen because prices fluctuate and I'm not perfect.:)
11.17.25. Stock $38.57. Cost $41. Net debit (cost basis) after selling stock's covered calls $37.80.
Sold stock 11.21.25 (4 days) $41 strike (no gain) covered calls for $1.64 per share, or $164 per call option contract. Delta .41 (41% probability of being called). Implied volatility an extremely hit 158%. The bid asks on the call options are very wide. Options volume is low. I had to lower my ask price several times as the stock fell from its highs to get a fill. If the stock is called, the RoR will be 41-37.80=$3.20 per share, or 7.8%. The annalized RoR about 7.8 x 23=179.4%. Not bad. The 23 is the 23 trades that might be done if a trader did the same kind of covered calls trades about 23 times every 12 months. If I could do this covered call trade 23 times a year my per share premium income would be $1.64*23=$37.72 . It won't happen because prices fluctuate and I'm not perfect.:)
The bid / ask is wide, and the fill I got wasn't as juicy as the one when I first published it... But like you said, still not bad.