This afternoon our covered call option position on our Square (SQ) stock was closed. This covered call was active just eleven days and we netted $80.61 of the $119.30 for which we sold the option. Nearly four weeks remain until expiration (16APR2021) and SQ would need to appreciate 50% from today’s close, $226, to reach the strike, $340. If SQ has another solid day, I’ll sell another call of a similar expiration.
