We own 200 shares of SNOW but only have 1 covered call at this time. Our other cc expired this past weekend. We are selling another today on the 100 uncovered shares as follows:
Sell to open: SNOW Mar 15th (monthly) 200.00 strike call
Credit:Â 12.85Â – this order has filledWe only own 20 shares of DKS but we are going to sell a covered call against those shares. This cc is far OTM and only partially covered by 20 shares, leaving 80 shares “naked”. So, this is a more risky situation than a standard covered call.
Sell to open: DKS Feb 16th (monthly) 170.00 strike call
Credit: 0.60Â – this order is still pending
