Selling the July 204 #coveredcall. Buying to close the previous one at 213.
I expect SPY to continue a tad lower. One could also consider an ATM call if they are profitable if it gets exercised. A lot of premium and volatility here. Looks like the 200 SMA acted as a great resistance today. I do anticipate SPY trading lower after this retest today.
I wouldn't advise to buy SPY here JUST to sell the covered call.
I expect SPY to continue a tad lower. One could also consider an ATM call if they are profitable if it gets exercised. A lot of premium and volatility here. Looks like the 200 SMA acted as a great resistance today. I do anticipate SPY trading lower after this retest today.
I wouldn't advise to buy SPY here JUST to sell the covered call.
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