I have owned 100 shares of NKLA at $18.80 since March. The stock pulled back and I was having trouble getting decent premiums. The stock has been on a tear. I just bought another 100 shares of the stock at the same price I bought in March, $18.80. I now have 200 shares at $18.80 to sell a 2 contract Covered Call.
Buy 100 Shares NKLA @ $18.80
The 200 shares will be listed in “The Grasshopper Field” with the buy date of today, 6/29/21.
The stock is down a few cents from $18.80 but I’ll be placing an order to sell 2 NKLA 7/2/21 $19.00 Calls for a premium of 60¢. I’m about to jump into my car to drive to Boston. If I get filled I’ll post it as soon as I can.
Successful trading,
Steve
The Options Coach