Following up on this post regarding my plan to sell covered call options on IWM from back in November, I had written I would wait until the new administration had been sworn in and that’s now done so it’s time to make money.
Since November I have been accumulating IWM via buy-write transactions and ended up with $250,000 worth of IWM and 1100 shares. My average cost basis was about $229 and today I sold calls on 45% of my position so let’s take a look.

I sold a “ladder” of call strike options from $240 thru $244 for February 21, 2025 expiry. The money I banked on this transaction (today) was about $580 but if IWM continues to appreciate in value and reach their respective strike price levels, I will earn an additional $7000 and be assigned and move back to cash.
I don’t, however, think that IWM will reach those strikes. I expect IWM will be highly volatile with every new executive order or tariff announcement from the new administration. My plan would be to buy these contracts back once they reach 80% profit level. Alternatively, if IWM does rally beyond $240, I am holding more IWM and will sell more contracts should it rally above $240.
Whatever happens, I expect to earn at least $2000 in profits over the next 30 days but we’ll need to see what happens. If the market crashes then all bets are off and sour.
Share The Wealth
Are you trading options in this upcoming volatile market? Let me know in the comments below.
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