Since i bought shares of SPCE at $38,i have been writing covered calls for the stock to recover some losses. So far I have written 3 covered calls and all have expired.
SPCE $58 CALL SELL 2/28 this netted me $340 as the option expired.
SPCE $43 CALL SELL 4/17 this netted me another $15.
SPCE$35 CALL SELL 5/8 this added another $43 in premium .
All these calls helped me recover $398 and exactly another $1400 to recover either via stock price or options.
I will keep writing these covered calls as long as they make sense.
These trades helped me understand options little better and i am looking at writing covered calls for some other positions in my account.
Stay Safe
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