DITM covered call on MPEL

Hi there, MPEL is giving a decent return for just under 3 weeks before options ex. day. With a $33.64 stock price and selling a $32.00 Aug 15th strike for a $2.35 premium gives a 2.27% return (minus commissions) and downside protection of 7%. However earnings are due out Aug 7th so there could be some volatility around this time. That being said, the fundamentals of this stock appear sound, and you could do a lot worse than still being the owner of MPEL after the Aug. expiration date.



Thank you for your time.

Steve G.