Earlier I sold a 5 contract Call on RH. While writing that post I placed a trade to sell 5 Square (SQ) Calls on shares I’ve owned. I was just filled on that order with the stock at $57.70. I sold 5 SQ 6/1/18 $58 Calls. They will expire this Friday. I received a 90¢ premium for $450. I bought the stock at $54.70 on 3/14 and I’ve been selling Calls without being assigned. Buying the stock at $54.70 and receiving a 90¢ premium is a 1.6% return for a 4 day trade. I love returns like this. This fits into my “1 Week/1%” strategy. This trades gets a Risk Factor 1.
5/29/18 – Sell to Open 5 SQ 6/1/18 $58.00 C @ 90¢ (+$450)
I placed an order to sell 2 Calls on my Netflix shares. This was not filled yet.
Steve
The Options Coach