Opening - LYFT Aug 8th 15 Covered CallLyft, Inc.BATS:LYFTDaniel.BOpened for $13.40 debit. Notes: Sold the approx. 40 delta call against shares for an earnings play to take advantage of vol crush. Best case stock moves higher and we can close out at max profit. Should it move against us then we continue rolling the call out and down. Mostly I trade option strategies that are essentially theta positive and short volatility. But I have never really played around with covered call strategies or letting positions getting assigned on the put side. With the preference to roll out & up/down vs. allowing a position to get assigned. So I am experimenting by just outright getting into a covered call position to experience what it is like to manage an assigned put position with short calls. Trade Data: Cost Basis: 13.40 Max ROC: 11.94% Position Net Delta: Approx. .60 long delta