Bausch Health Companies Inc (BHC)

[JLS]

Sold Friday's BHC $25 CCs ...

a few miutes ago. If assigned, total gain for the week will be 2.72% with the two accounts back to all cash.

That doesn't seem like a lot of gain, but that gain buys more shares next week, then I do a buy/write again; and because of the gain, I can buy more shares. Compounded over 52 weeks, the potential annual gain is about 400%.

"Potential" gain because sometimes the shares don't get assigned, and they might even go down below purchase price. But because I brought in 2.72% by selling CCs on a Wednesday, the stock could go down by that much by the end of this week and the total trade in that specific case will end the week at break-even when (compared to the stock's value today).