August Option Investing – DRN Covered Calls

Hard to believe that last month we were discussing $76-$77 calls…needless to say, those options weren’t assigned.

I was right to expect large price swings on August.  and I’m expecting more of the same in September.  August premiums were ~7% of the strike price.  September premiums are ~12%.  Does this mean we’re in for an even wilder ride?  We’ll see.

On Aug. 22, I sold Sept 17. calls with a $43 strike price for $5.10.


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

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