I would like to make a suggestion on a covered call. And it is on a stock that does have weekly options.
And they already reported and do not report again until January 2021.
The stock is Alcoa Corp. (AA).
AA is trading around $13.98 as I write this. And it is trading right around the key midband level on its daily chart.
My suggestion today is to buy AA at the market, which is $13.98.
Then Sell to Open (1) November 13th $14.50 call for every 100 shares you buy.
These calls can be sold for $.25.
If these calls are assigned next Friday, the return will be 5.5% for 6 trading days.
Based on the nominal tracking portfolio, I suggest a limit of 500 shares or 7% of the portfolio.
Remember to sell the calls that expire next Friday.
