Hello Investors,
Today we sold an April 17th (monthly) 125.00 strike covered call against our Disney (DIS) shares. We used the income to buy 1 more share of stock.
In addition, we are “delta hedging” our covered call in DELL shares. Although it is a “covered call” we don’t want to give up our stock. So, this will allow us to generate income and make upside as we think the shares may in fact finish above $45/share at expiration. We will detail this idea further next week.
We bought 38 more shares of DELL at 40.97 per share.
Cheers!