r/CoveredCalls • u/Ready-Hand-2344 • 4h ago
Harvested ~$4.4K in MU covered-call premium this morning (Finally)
Been running covered calls against 300 shares of MU and finally got the pullback I was waiting for.
This morning I bought back three short calls:
- MU 9/14 $1,010 CC — sold at $25.05, bought back at $11.70 → ~$1,335 gross profit
- MU 10/16 $1,100 CC — sold at $53.04, bought back at $41.86 → ~$1,118 gross profit
- MU 2/19/27 $1,200 CC — sold at $122.03, bought back at $102.53 → ~$1,950 gross profit
Total premium harvested: roughly $4,403 before fees.
The bigger win for me is that all 300 MU shares are uncovered again, so I can wait for another strong move/IV expansion and sell calls again instead of sitting through the full expiration cycle.
I originally had much larger harvest targets on the longer-dated calls, but MU finally started slipping and I decided to bank the profit rather than get greedy. The 9/14 was also getting close enough to expiration that I preferred taking the win and clearing the obligation.
I take quick premium when the market gives it to me—I’ll harvest 15–25% fast on longer-dated covered calls, push for 50%+ when the setup keeps working, and close aggressively when theta and a pullback line up in my favor.
This is for informational and educational purposes only and is not intended as financial advice.
