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You own some shares of AMZN in your long term portfolio, currently trading at $1,932, and are thinking of getting some extra income by selling
You own some shares of AMZN in your long term portfolio, currently trading at $1,932, and are thinking of getting some extra income by selling covered calls.
You sell 200 shares worth of 3 month call options on AMZN, with a strike price of $2,104 and a premium of $12. At expiration, AMZN is trading at $2,020 in the spot market. What is your net profit on this position?
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