Covered Call Trade

Wrote a covered call today on Silicon Precision Industries SPIL. This is the type of stock I seek for covered call writes: $10-$12 share price, good profitability, high volatility, upward price trend.

SPIL is a Taiwanese microchip packaging company. 3rd largest in the field.

I bought the stock for $9.91 and sold the June $10 call for $.55. This gives a 23 day uncalled return of  4.5%.

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