I own 200 shares 0r Xpeng (XPEV) at $43.45. Last week I brought in a $1.05 premium for a $43.50 2 contract Call for $210. A little while ago I was filled on another 2 contract Call. I sold 2 XPEV 7/30/21 $44 Calls for a premium of 80¢ for $160.
Sell to Open 2 XPEV 7/30/21 $44.00 C @80¢ (+$160)
Last week’s trade gave me a return of 2.4%. The Call I sold today is a return of 1.8%. This trade get’s a Risk Factor 1.
Today I also sold a Call on my Netapp (NTAP) Shares.
Last week I bought 1000 shares of NTAP at $78.78 and sold a 2 day Call for a 50¢ premium. I was not assigned so I just sold another Call. I sold 10 NTAO 7/30/21 $79 Call for a premium of 85¢ for $850.
Sell to Open 10 NTAP 7/30/21 $79.00 C @ 85¢ (+$850)
This trade is a perfect “1 Week/1%” trade. NTAP is an “A” rated company and I received a little over 1% for the 1 week trade. This is a great stock and this trade get’s a Risk Factor 1.
I really want to get away from the stocks with the higher Implied Volatility (IV) and get into more stocks like NTAP.
Successful trading,
Steve
The Options Coach