Earlier I posted that I bought 1000 shares of Skechers (SKX) at $40.80. Also in that post I reported that I placed an order to sell 10 SKX 2/2/18 $41 Calls for a premium of 75¢. I waited the entire day and I was never executed on the order. At about 3:30 I had to go to basketball practice and the order was still not filled. Before I left my computer I changed my order from a 75¢ premium to a 70¢ premium. I really wanted to get filled because with a 5 day option, if I waited until tomorrow and the stock didn’t move much, the time decay would cut the premium down. I just got home from practice and opened my computer to check on this order, I was filled on the option order while I was away from my computer. I would like to get assigned on this 1000 shares. Everyone should know when I say I want to get assigned this means I want the stock to go above my Strike Price for this Friday, expiration day. This is a Covered Call on a stock with a good rating so this trade gets a Risk Factor 1.
Sell to Open 10 SKX 2/2/18 $41.00 C @ 70¢ (+$700)
Steve
The Options Coach