After having a great week and getting assigned on 1500 of my RH shares I have 500 shares remaining in my account. With the stock at $103.90 I just sold a 5 contract, 4 day Call. I sold the 6/1/18 $105 Call and received a premium of $2. That’s $1000 on my 500 shares. That’s a 1.9% return in 4 days. This fits into my “1 Week/1%” strategy. This trade is a Covered Call on previously owned stock so it gets a Risk Factor 1. I also entered a trade to sell 5 Contracts against my 500 Squares shares. I entered it with a Strike Price of $58 for a 90¢ premium. I am not filled yet. I’ll let you know.
5/29/18 – Sell to Open 5 RH 6/1/18 $105.00 C @ $2.00 (+$1000)
This is the 3rd week in a row I brought in a nice return on these RH shares.
Any questions, send me an email.
Steve
The Options Coach