I just started the week off early and with a bang! I sold the same amount of Calls against my RH and Square (SQ) shares with different Strike Prices than last week. Take a look, I made 4 trades again, just like last week. 3 with RH and 1 with SQ.
RH
Sell to Open 10 RH 5/25/18 $104.00 C @ $2.25 (+$2250)
Sell to Open 5 RH 5/25/18 $105.00 C @ $2.00 (+$1000)
Sell to Open 5 RH 5/25/18 $104.00 C @ $2.25 (+$1125)
Square
Sell to Open 5 SQ 5/25/18 $57.00 C @ 90¢ (+$450)
Even without getting assigned I’ll bring in $4825 in premiums. That’s crazy! I don’t want to count my chickens before they hatch but at this point it look nice. Remember, a lot can happen, it’s only Monday. I’d love to get assigned on everything and clean house. Let’s watch and see what happens. If the stocks have a pullback today or tomorrow and I can get out of my positions with half my premiums, I will. That’s one of my rules.
Email me any questions.
Steve
The Options Coach