Sold a covered call against our VZ long term LEAPS call.
Sold to open: VZ Dec 15th (monthly) 37.00 strike call
Credit: 0.15We also bought a call butterfly spread in Paypal (PYPL) as follows:
Buy to open: PYPL Jan 19th, 2024 (monthly) 52.50 strike call (ratio of 1)
Sell to open: PYPL Jan 19th, 2024 (monthly) 60.00 strike call (ratio of 2)
Buy to open: PYPL Jan 19th, 2024 (monthly) 67.50 strike call (ratio of 1)
Debit: 1.55
Max risk = 1.55 or $155.00 per spread
Max reward = 5.95 or $595.00 per spread