CoverIsBetter

Options Trader: Friday Outlook

I applaud Phil for finding a stock so cheap with such a high out-of-the-money Call that it makes this trade (WM) work.
Awesome! I would love to be able to repeat this strategy, but many of my favorite cheap stocks have such a cheap near term Call price, the covered call trade is not worth it.
Guess you have to pay the fee to get more of this pin action?