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re: Spirit Airlines options - can someone explain how this works?

Posted on 6/29/22 at 12:35 pm to
Posted by Nation of Buga
Sandy Eggo
Member since Aug 2014
2157 posts
Posted on 6/29/22 at 12:35 pm to
You can sell covered $20 calls with a Jan 2023 expiry today at $0.60 a share. There’s $600 today IF AAL gets back to $20. Or sell monthly covered calls at more aggressive strikes.
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