Raked in $700 in my mini account today as I did a buy/write on Dow Double Long (DDM) and sold in-the-money calls DDMCT for March expiry. Bought 200 DDM @ $72.30 and Sold 2 DDMCT @ $3.60. If I get called I’ll lose about $0.30 per share as I sold the $72 strikes but I’m willing to take the risk. I’ll earn 4.98% (if not called) or 4.56% (if called) in 31 days.
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