#CoveredCalls – Off it’s lows but it was halted for a little while this morning so still a lot of uncertainty. I’m rolling down the calls into next week for max downside protection while maintaining a profit if called away. There might be a possibility of rolling these but it would be tough at these prices especially if the stock rallies much.
Rolled USO APR 24 2020 3.5 Calls to MAY 1 2020 2.5 Calls @ .90 credit
Now:
Make .13 if called away or own stock at 2.37