So OIH had a hard rally today and I took advantage of this opportunity to sell 5 contracts for September $103 calls at $2.40 to rake in about $1200 in cash. I’m earning about 2% with 17 days left in September expiry. I suspect OIH will go down over the next few weeks and I’m expecting my calls to expire worthless but if I get assigned, I’ll be out of the market and sitting in cash until the right opportunity comes.
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