A large covered call traders purchased over 8,000 covered calls in Zynga (ZNGA). The video game company is up 60% year-to-date and has earnings coming up.
The covered call uses options that don’t expire until January 2021, but still allows the stock to appreciate over 50% before the gains are capped. More importantly, the short calls allow the trader to generate income on a low-priced stock that doesn’t offer a dividend.
If you had followed Jay Soloff’s 2018 trades, with a little luck, you could’ve turned $500 into as much as $678,906.
That sounds unbelievable. But you gotta see how it’s possible.
If you can scrounge together $500 in cash, it could’ve been worth a small fortune today.
Check out how it could’ve happened for you, click here.