Today, I would like to make a suggestion on a covered call.
The stock I want to suggest is Pluralsight, Inc. (PS).
PS is trading around $16.84 as I write this.
My suggestion is to buy PS at the market, which is $16.84.
After buying the stock, execute this trade:
Sell to Open December 18th - $17.50 call for $.55.
Based on the nominal portfolio, limit the stock purchase to 400 shares
or 6.7% of the nominal portfolio.
This would mean you would sell 4 calls.
If the calls are assigned in three weeks, the return will be 7.2%.