It’s been a grind the past few weeks as the stocks I hold have been down quite a bit.

My strategy has been to not sell strikes more than 5% below my basis (not my adjusted basis)

This week, I sold call options to make $220. What would you do with $220 extra this week?

To be clear, this is not investment advice, and I don’t actually suggest you do what I do. I just suggest you learn about it and see what it could be for you!

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I sold 11 calls of $RUM for $.22 each at a strike price of $9.5. A little lower than I wanted. It was earnings week a couple weeks ago and I almost sold some of my shares. Looking back, I should have sold when they were $2.00 above my basis. Oh, well! I made 2.35% return on this on this trade.

My basis in $RUM is $10.

My Adjusted Basis for $RUM is $8.35.