Looking at CRM for ITM covered call for May 26. Earnings on May 18.
Buy-write the May 26 85 covered call for 83.97 debit.
If it tanks on earnings, I’ve got the stock at the 50 day ma. If called away next week, I’ve got about 1.00 profit. Not high dollar return, but would get me some lunch money or the stock at a decent price.
Thoughts?