Dynatrace (DT) – Sell New Call
The Dynatrace (DT) March 55 call that we sold last month for $4.60 expired worthless on Friday. This was a totally fine situation, and our position is at a small profit.
Today, I am going to sell a new call against our stock position as DT looks much better than its growth stock peers, and we can get a solid premium by selling a new April call.
This new call sale would be …
Sell to Open the DT April 55 Call (exp. 4/16) for $1.50 or more
For every 100 shares of DT stock you own, you can sell 1 call. For every 200 shares of DT stock you own, you can sell 2 calls …
While we are selling a new call, which will further lower our cost basis on our position, I am going to stick to our original stock stop at 47.5.