This trade was originally executed on September 9, 2026, shortly before the public launch of Options Income Journal. It is being added to the journal from my actual trading records. The prices shown are my actual fills, and the decisions described are the decisions I made while managing the position.

Rolled an existing MU covered call to the September 18 $965 Call
Net credit received: $7.20 per share

This was not a new stock purchase or a new standalone covered call. I already owned 100 shares of MU, and the shares were covered by an existing call. I rolled that call rather than simply closing the option position.

The roll generated an additional $720 in net option premium on one contract while keeping the covered-call position open.

My primary objective was to continue generating option income from the MU position while managing an existing covered call.

When I evaluate a roll, I look at the transaction as a whole. Closing the existing option costs money, while selling the replacement option brings in premium. What matters to me is the net credit, the new strike, the additional time I'm committing to the position, and whether the overall economics justify the adjustment.

In this case, rolling the position produced a $7.20 net credit, or $720, which I considered attractive enough to extend the covered call.

This trade illustrates an important part of my approach to covered calls: an in-the-money or challenged call does not automatically mean the position has gone wrong.

Depending on the available strikes, expirations and premiums, I may be able to roll the call and collect additional income while continuing to manage the shares.

I don't roll simply to avoid assignment. If allowing the shares to be called away offers the better outcome, I'm comfortable with that. My priority is the economics of the trade and the income generated—not preserving the stock position at any cost.

September 9: Rolled the existing MU covered call to the September 18 $965 call for a $7.20 net credit, generating an additional $720 in option premium.

September 10: The MU covered-call position remained open. With the option still in the money, I continued monitoring the position for another potential roll, assignment, or other adjustment as expiration approached.

As of September 10, 2026, the position remains open. I continue to own 100 MU shares with the September 18 $965 covered call outstanding.

The September 9 roll alone generated an additional $720 of net option premium.

This is an ongoing position, so I am not treating the $720 as the final result of the MU trade. Future rolls, assignment, expiration, or closing transactions will be added to the journal as the position develops.

The prices reported in Options Income Journal are my actual execution prices.

For current trade alerts, stock and option prices can move materially between the time I execute a trade and the time an alert reaches you.

If the economics of a trade have changed, do not chase my reported fill. Options Income Journal documents the trades I make in my own account; these are not trade instructions or signals.

Options Income Journal is provided for educational and informational purposes only. Nothing published here should be considered individualized investment, financial, tax, or legal advice, or a recommendation to buy or sell any security or option. Options involve risk and are not appropriate for every investor. You are responsible for evaluating whether any investment or options strategy is appropriate for your own circumstances.