- Capital Commitment: $5,000 CAD, converted to $4,848.71 USD by QuesTrade.
- Bought 600 shares ATPG at $7.16
- Sold 6 contracts Covered Call ATPG at Strike 7.00, at $0.49
- ROI 3.63% assigned, 5.73% not assigned
Gut Check:
Leading up to this I looked for a stock that had 100M+ market cap and some volatility (for higher premiums). As this was my very first trade, I was nervous with the stock price moving around while I was placing my trade, but fortunately it still worked out -- I calculated that whether I got assigned or not, I would come out ahead.
I'm hoping to get assigned so I can be out of the position and back to cash without prolonged exposure to stock volatility.
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