Yesterday, May 8, I opened a Covered Call position.
A fast look at Open Interest and Option Volume Chart.
Open Interest Chart
The first thing I note is a wall of ITM Put @80 , this is a bearish sign.
First significant OTM put is @77.5, while first important OTM call is @80.
Option Volume Chart
Big calls movement @85 , but premium is scarce. 80 is the strike with a good premium.
Conclusion: Sold 2 CC , strike [email protected] Exp. May 17 . Weekly return 0.85%. AROI 34.4%