CLVS will most certainly be sold today and I would like to suggest another weekly covered call to replace it.
The stock is iQIYI Inc. (IQ) and like CLVS, it has weekly options.
My suggestion today is to buy IQ at the market, which is $17.44.
Then sell to Open (1) May 15th - $18 Call for every 100 shares you buy.
You should be able to sell them for $0.25 per every option.
Based on the nominal portfolio, limit the share buy in to 300 shares or 5.2% of the portfolio.
Assuming you buy 300 shares, you would sell 3 of the May 15th $8 Calls.
If the calls are assigned next Friday, the return will be 4.6% for one week.
