We recently encouraged our members to sell a VZ put and now we own that stock. WE are encouraging those who are in that trade to start selling calls every week at the strike price. As the market is up today we have a chance to dollar cost average on VZ. The stock is trading at 56.75 and we are selling the June 14, 56 puts. If they are put to us we will be lowering our average price in the stock. Also this morning we are sell the 6/14 $111 covered calls on JPM. This is another position that was put to us earlier at $109.
All investing involves risk, so Options Dojo can make no warranties or guarantees regarding our Sensei’s selections. Invest with an awareness of your skills, experience and risk tolerance. Options are not suitable for all investors and people can and do lose money.