Covered Calls are an excellent way to get more bang for the buck.
A covered call sells an option to purchase the stock at a set price.
In our case the covered calls we sold made $155K in profit.
The key to this is that if the stock goes above the strike price we will lose
the opportunity for that extra value.
If the stock is below the strike price the option expires worthlessly.
I picked the Feb 12 option expiration date for this first round of Covered Call sales.
I added a new page on top to include the spreadsheet of the option play.
Please remember that this does not include commissions for the option purchase.
