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GSK Stock Today: Buying An August Covered Call Boosts Your Return By This Much

GSK Stock Today: Buying An August Covered Call Boosts Your Return By This Much

A covered call strategy is one way to slightly reduce the risk on a long stock position while also generating some premium. Further upside in a covered call position in GSK stock is limited above the covered call strike. Let's look at how a covered call trade on GSK, formerly known as GlaxoSmithKline and based in the UK, might take shape.