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I pulled up the chart on MGI, and this summer it was around $2-$3.

$2.94 on Oct 1 and $4.82 on Nov 1.

High of $8.77 on Nov 17 and now down to $5.69.

I don't see how price action like this makes for a good covered call stock. It shows both of the negative aspects of a covered call. When the price goes up big, you miss out on all the gain above the strike. When the price goes down big, you eat the entire loss except for the small premium you collected.

If you were investing with MGI this summer at $2 and $3, the best move would have been to just buy it outright. Because it's now at double and triple that. Up 100% - 200%, way more than 9%.

[edit] Oof!! Have you seen the 5 year and 10 year charts for MGI? Ugh!!
Or if you really want to cry, look at the chart from 2000 to 2020.
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