I like to post the weekly results on Saturday but this has been a busy weekend. We had a record breaking snow storm here in NYC plus the NFL Playoffs on TV. I got all my shoveling done and the New England/Denver game just ended. Tough game for Brady. It looked like his entire offensive line were wearing cement shoes. Denver’s defensive line was incredible. Carolina/Arizona should also be a great game.
I brought in a nice premium with my NFLX option. I sold 25 contracts with the Strike Price of $120. I received a premium of $2.25 on the 2500 shares for total of $5625. The option expired so I keep the entire premium. This is the only option I had with the Expiration Date of the 22nd. I did sell another 10 contracts of NFLX with the Strike Price of $125 but the Expiration Date is next Friday. When I posted this trade I mistakenly put an expiration of the 22nd. I apologize! This option will expire next Friday the 29th. I also have an option alive on GPRO but that doesn’t expire until April 15th. I own 2 stocks and both are down from where I bought. GPRO I already have options sold on my shares and I hope to be selling more Calls on NFLX this week. And I hope to continue to sell Calls until I get assigned.
The only premium I was able to put in the mattress this week was the 25 contracts of NFLX. There was only one but it was a good one.
Profit for week ending 1/22 $5625
Keep an eye on the market this week. I’m hoping we add a few points to NFLX so I can sell another Call and get a decent premium.
Grasshopper, Keep the questions coming. Coachsjc@gmail.com
Enjoy the NFC Championship Game. I’m thinking Carolina will be tough at home!
Steve
The Options Coach
Very informative blog. Thank you for your continuos & detailed “play by plays.” I look fwd to learning more!
#Grasshopper