This could be a great opportunity to gather passive income. The price is landing on a strong monthly support at 33-34. The next support level is at 28. Buy here and sell covered calls. Example:
100 stocks at 34.4 = $ 3440
1 covered call exp 05/24 a month from now. Strike 36. Cost $ 108.
Profit %: 100*(108/3440) = 3.13% a month. If you do it every month is close to 38% a year. If the stocks are assigned even more.
100 stocks at 34.4 = $ 3440
1 covered call exp 05/24 a month from now. Strike 36. Cost $ 108.
Profit %: 100*(108/3440) = 3.13% a month. If you do it every month is close to 38% a year. If the stocks are assigned even more.