We have no more covered-call option positions. With the NASDAQ down another two percent today our last two covered-call option positions, Apple (AAPL) and Cloudflare (NET), closed today on our standing limit orders, each to be bought for $0.15.
The AAPL call option contract (strike: $140; expiration: 16APR2021) was initiated 9MAR2021 when AAPL traded around $121; with three weeks until expiration, AAPL shares have slightly depreciated over our 15-day holding period but it only required $15.69 to close the trade. We did only net $56.61, but we’ll take it.
The story for NET is more remarkable as shares of NET closed down more than six percent today – but less than one percent lower than where shares traded when we sold the call option contract (strike: $80; expiration: 1APR2021). Again, closed for just $15.69 and we netted $68.61 over our 16 day holding period. We also hold a put option contract (strike: $65; expiration: 1APR2021) that is dangerously close to being in the money and due to expire at the end of next week. If our put option is exercised, I’ll sell more aggressive covered-call option contracts.