June 20 Roll over from 220 to 195
June 2020 covered call option dry try transactions
To keep DIA covered call in the money, I rolled over it from $220 down to $195 strike
So, I bought back June 2020 $220 strike at $14 and sold $195 covered call for June 2020 at $28.
On $223 initial investment , I collected covered $22 premium - $14 buy back and + $28 in new covered call option premium = $36 in total premium
That gives me break even point from $223 initial investment at $187
To keep DIA covered call in the money, I rolled over it from $220 down to $195 strike
So, I bought back June 2020 $220 strike at $14 and sold $195 covered call for June 2020 at $28.
On $223 initial investment , I collected covered $22 premium - $14 buy back and + $28 in new covered call option premium = $36 in total premium
That gives me break even point from $223 initial investment at $187
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