2 Contract Grasshopper Trade with WKHS

I own 200 shares of Workhorse (WKHS) at $15.60. I just sold 2 contracts of the 7/2/21 $16.50 Call for a premium of $1.25 for $250.

 

Sell to Open 2 WKHS 7/2/21 $16.50 C @ $1.25 (+$250)

 

This is an 8% return for the 1 week Call. This trade gets a Risk Factor 1.

 

Successful trading,

Steve

The Options Coach

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