Covered Calls

[Joe Stocks]

My new covered call only port is now up and able to trade options. I started this port with $25,000. My goal is to average a 3% return every month after the Mar expiration at which time I should have a full stable of stocks. I will post my trades here in real time or near to it in a fast market.

My first trade is ADS.

Long 100 shares at 51.74. Sold the MAR 50 for $5.90. Downside protection to 45.84. 8% return if taken out at 50.