Earlier I posted that I owned 2000 shares of Facebook (FB) and I sold 10 contracts of Call options on 1000 shares. Also in that post I mentioned that I entered an order to sell 10 more contracts but as of the last post that order was not executed yet. Well, the second set of Call options were just executed. On these Calls I sold 10 contracts of the $120 Calls to expire 6/3 which is next Friday. I received a premium of $.50 ($500). Like the first trade, this trade also gets a Risk Factor of 1. This is also a Covered Call on previously owned stock. Here’s the sell order:
Sell to Open 10 FB 6/3/16 $120 C @ $.50 (+$500)
At this point I’m pretty much fully invested. I’ll watch closely until Friday to see if I have to make any “Adjustment trades.”
Steve
The Options Coach
Glad I found your site Steve.
I’ve been trading off and on since the early 90’s. Started to get serious again in 2011. Mainly long equities.
Last year or so with this market action, I’ve been trying to learn different option strategies.
Thanks for the work you put into teaching and putting your trades out there for better or worse.
I’m in SC now. Worked in DC for 17 years, never been in NYC, not really one for the big cities. That pizza sure makes it tempting though. Look forward to learning all I can. Jon
Jon,
Thanks for the note. I hope my site will help you with what ever you want to do. I really try to keep it simple! You don’t have to get over complicated! As you see with my trades. I feel the work has to go into education and finding good deals. I will help or mentor in any way I can. You have my email. You can send questions any time you want. I’ll try to answer in a timely manner. Good luck! Let’s make some money.
Steve
The Options Coach