When trading covered calls, do you look at it as 1 overall position or do you view it as a stock trade and an option trade?
i.e. I have an excel sheet that will deduct premiums from my cost basis so I know why my average entry price is. e.j. I buy a stock for $1 and sell a contract for $0.10, I say my cost basis / break even is now $0.90.
I try to make a profit on the overall position, e.g. try get assigned or sell at a price >$0.90, but do you try to make a profit both the option and the underlying?
Posted by OscarDraxler