Conservative option strategies, what did you buy or sell today?

[Dividendwayfarer]

(08-23-2021, 05:37 PM)NilesMike Wrote:

(08-23-2021, 04:49 PM)Dividendwayfarer Wrote: A option newbie enter his first covered call for PNW at a strike price at $95, expires on Oct 15. Hopefully it will turn out ok.

Welcome to our humble discussion.

You have an 88% probability of it working out plus the risk is heavily priced to the downside.

Good luck

For my education, how did you come up with 88%? Are there resources you will point to for a newbie like me?