Back in December, we bought XOM (Exxon) at $103 and sold the $105 strikes for January 20 2023 expiry at $4.00. It seems we were assigned at $105 so our total profit from the trade was $6 per contract. It was a great return and we’re now back in cash looking for some other opportunities.
We’ll keep you posted. Stay tuned, stay profitable and stay solvent.