In this episode, we are looking at a covered call, but with a twist: a credit spread around stock you already own. You can find more on page 80 of The Options Playbook, which is always available on OptionsPlaybook.com, in on the Amazon Kindle edition.
- FedEx announced earnings on 12/20, was up 3.5% after the announcement
- It hit the all-time high on 12/20
- What are the benefits of doing a credit spread instead of just a covered call?
- Setting up the trade: picking expiration (and why that date)
- Selecting strikes
- What is the approach?
- What is the risk?
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