Yelp (YELP) has not been moving great lately. I hope I get a few more days of it moving “not so great” because I just sold a 20 contract Naked Call. With the stock at $31.80 I sold 20 YELP 4/21/17 $32.50 for a premium of 35¢ ($700). This is a Naked Call so the trade gets a Risk Factor 5. With the stock at $31.80 and getting a premium of 35¢, I get a Rate of Return of a little more than 1%. This trade fits into my “1 Week/1%” strategy. Here’s the order:
Sell to Open 20 YELP 4/21/17 $32.50 C @ 35¢ (+$700)
Steve
The Options Coach