Maksims Covered Call Options Forum

[maksim]

Ok, so just did the numbers.

The aprils are good, the only thing is, you are just playing the premium. Considering the stock is at $5.98 and a strike of $6, you are not leaving for upside and can get called away.
annualized yield is about 100%

Personally, I would Buy now, and write the Dec 6's for $.45
In 8 days, next monday, Write the Jan $7.50's for another $.45 and upside.

Otherwise, write the dec's, let them expire, if stock pops, write the next options chain then. Anytime you have a write on it, esp since auy is showing strength, you are capping upside.

All depends on if you are happy being assigned, how much it would cost you to get assigned, as well as if you would be happy with 33% if AUY pops to $10