I made 2 Grasshopper Project Covered Call trades with previously owned stock.
The Grasshopper Project – ITM Covered Call
Mara Holding (MARA)
I sold a $19.50 Put on MARA and the stock pulled back with Bitcoin. Today it’s a little under $16. Now that I’m in an undesirable position I have to manage it. Last week I received a 53¢ premium but this week I had to go out to Aug 22nd to get 20¢. This happens! The key is to continue to bring in premiums or dump the position at a loss.
Sell to Open 1 MARA 8/22/25 $19.00 C @ 20¢ (+$20)
The Grasshopper Project – ITM Covered Call
Sofi Technologies (SOFI)
On July 21st I bought 100 shares of SOFI at $21.65 and I will sell Calls until I’m assigned. Today I sold an In-the-Money Call for a premium of 50¢. If I get assigned I’ll lose 15¢ on the ITM Covered Call for a profit of 35¢. This is a perfect Grasshopper trade. The $35 premium is a ROI of 1.6% for the 1 week trade.
Sell to Open 1 SOFI 8/8/25 $21.50 C @ 50¢ (+$50)
The Grasshopper Project is fully invested for this week.
Successful trading,
Steve
The Options Coach