The covered call on VZ has expired worthless to some absolute sucker. I kid faceless stranger! In the 123 days this call was part of the portfolio, VZ actually traded slightly above $45.00, even four days in row as we crossed from September into October. Since then, VZ has fallen with the broader market, and it closed at $39.93 on Friday. That’s $35.49 of free money and time to rinse and repeat.
Selling to Open: 1 April 17, 2025 $45.00 Call Option [Symbol: VZ250417C45]
Limit Order Price: Credit of $0.40 per share
This order may have to work for a bit to execute.