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 | NEW CCW BUYBACK | |||
| Covered Call Option Buy Back | ||||
| Covered Call position was closed on | ||||
| TIME AND DATE STAMP | Thursday, January 13, 2022 | |||
 | Southern Co. | SO | ||
| Stock Price - placed | Date | Total Prem$ | Dividend? | |
| $67.30 | Dec-17 | $0.50 | $0.00 | |
| Strike Price | Expire | Profit on this trade | ||
| $69.00 | Jan-14 | $250.00 | ||
| CCW - Southern Co is a Buy & Hold stock for me where I hold shares for some stock appreciation and covet its dividend. During the companies off events months I like selling covered calls when the stock is at the top of its trading range ... SO @ $67.30 seems Over Bought with an RSI 72 so this is a good time to sell the OTM CCW with the hopes the stock never challenges my strike price, close this trade profitable and still own the shares. I commonly refer to this as my 'Double my Dividend' using CCW trade and expect to NOT have my shares taken. | ||||
| WHY I CLOSED this CCW Trade > expire is tomorrow and with the stock near the strike i decided to close this trade so my shares aren't taken tomorrow should it pop over $69 ... | ||||
| Disclaimer - Yes - at the time of this posting I do own shares. I am by no means recommending this stock for purchase | ||||
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