Discover and read the best of Twitter Threads about #amcnotleaving

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1 of ? OK, AMC, will do a covered call for educational purposes only. Step by step. 1st, look for Aug 27 50% yield premium. OK, strike 43. Now at .43 on the bid. But, I want to sell for a call away so I will take the 36 at 1.49, filled! Note, the 43 is Delta 14 and the 36 ....
The 36 is Delta 42 which means 42% probability that it will be called next week. Theta .15, Gamma. 07 and IV 111%. I would normally take the 43 but, I want to sell more puts. I am currently working my way out of all other stocks and options to concentrate on AMC.
Explaining this covered call trade - 1st step, looking for the strike price that will give a 50% yield minimum which is simply 1% of the strike price on a weekly or 4% of strike price on a monthly. In reality it would % of $ invested in the trade but I am keeping it simple. 1st
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