Sold a covered call on FLR today for $150 credit — strike $47.50, expiring Feb 20. FLR is currently trading around $44.18.
The 100 shares I’m holding were assigned to me on Nov 21 at $45 per share. From here, the plan is simple: keep selling calls against these shares until they eventually get called away.
Every call I sell chips away at that original $4,500 cost basis, steadily lowering my effective entry price while I wait. Slow, boring, and exactly how I like it. 📉➡️📈
