HSY: collect 0.4% premium from this covered call with strike at $160 which is 4% higher than last close.
Contract expires in 2 weeks on 31st Jan.
HSY had been weak for the entire 2024 and might look set to remain the same. Selling more aggressive covered calls with intention to dispose off the underlying shares.
Already factored in the capital loss for the stocks with intention to realised them and recycle remaining capital for other trades rather than waiting for this one to recover with unknown timeline.
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