Rinse & Repeat time for my Merck & Co Inc (MRK) position – I made a new Covered Call trade today, based on the really nice run the stock has made the last few days. Here is the trade:
- Sold: Five (5) June 17, 2022, Calls
- Strike Price: $95.00
- *Premium Collected: $600.00
According to Morningstar, MRK’s fair market value is $94.00, so my Strike Price is over the stock’s fair value.
*Excludes transaction costs.
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