Closed Trade – WFC covered call

Stock Symbol: WFC

Price at time of Trade: $25.75
Target Price: $29
Option Strategy: Covered Call

Trade Details:

BTO 100 shares for $25.73 per share
STO 1 Sep 26 call option for $0.91

Effective Cost basis = Approximately $24.82

Price on September option expiration: $26.01
Result: called out for a 3.54% return

Chart:

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