Yesterday I sold 3 HOOD $79 Calls expiring today. As I write the stock is at $74.50. I know the day is young but I do not think I will get assigned on these Calls. I still feel the stock hit resistance at $76.75 and the RSI is up near 80, so I think this very hot stock takes a break this week.
I just sold another 3 contracts of the $79 Calls expiring next Friday. I received a premium of $1.85 for a total of $555. I will watch closely and also put a Good til Cancel (GTC) Buy/Stop order to buy the 300 shares if the stock goes higher toward my Strike Price. I set that at $78.75.
Buy to Open 3 HOOD 6/13/25 $79.00 C @ $1.85 (+$555)
Send me an email if you have any questions on this trade.
Successful trading,
Steve
The Options Coach