I've bought 100 shares of PALM stock at 12.63 as the first leg of a covered call with a strike of 13. See my analysis of the trade, which at the time was center on a strike of 14.
PALM has pulled back a bit in today's decline at the top of a high-volume rise to 12.43 on Jan. 8. My goal is to sell the 13-strike covered call when the stock bumps back up closer to 13 (which now shows a 0.80 premium).
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