I am recommending we book profits on our Corning (GLW) covered call position rather than hold through expiration. By doing so, we earn a 0.9% return in three days, or 110% annualized.
Current Stock Price: $37.32
Cost Basis: $36.09
- Buy to close the GLW Feb Week One (2/5) 36.50 Call for around $0.90
- Sell shares at market
Profit: $0.33, or $33 per 100 shares