May Option Investing – DRN Covered Calls

My May $66 calls were all exercised, so I reduced my position size a bit for this month. I am thinking of adding another leveraged instrument to my option trading, but haven’t decided which one yet. With the general markets in a correction, I’ll sell calls slightly below the strike price.

**May 24 update**
Option premiums on DRN are down this month (May calls were selling at $4+). I purchased shares at $72 and sold June calls at $72 for $3.70.

**May 26 update**
I sold an additional June call on DRN: $74 strike price for $3.68.

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About T. Knight
Blogging about my journey to financial independence via investing for cashflow.

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