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A Quick Strategy to Make Income on Existing Shares

This option strategy can be used very selectively to make small profits on existing positions

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Bearded Investor
Sep 03, 2026
∙ Paid

I sold a covered call on AMR 0.00%↑ at a $250 strike price expiring on October 16th 2026. I closed that position today and captured about $550 dollars when that contract was bought back.

In the screenshot above, you can see the initial option sold and I received approximately $1400 for the contract. I did this because there was clear resistance after a huge rally …

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