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TRADE IDEA: ARRY COVERED CALL
Array Technologies, Inc.
(
NASDAQ:ARRY
)
NaughtyPines
NASDAQ:ARRY
Array Technologies, Inc.
ARRY
coveredcall
optionsstrategy
2
0
arry
coveredcall
optionsstrategy
Metrics:
Buy 100 Shares at 3.23
Sell Oct 21st 4 call
2.83 db at the mid (i.e., 2.83 is your cost basis in the shares)
Max Profit: $117 (if called away at 4)
ROC: 41% ROC
Notes: A good spot to initiate this here, given a bit of horizontal support.
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