In my last post reporting my Dish Network (DISH) Buy-Write I said I was placing an order to buy a DISH Call. I was just filled on that order. I bought 10 6/19/20 $35 Calls for a premium of $6.30 for $6300. This option has a long time before expiration. It comes with a Delta of 0.62. This is a Long option position but I cut down the risk by going out to 6/19/20. Long options can be very dangerous, but because I went out so far this trade gets a Risk Factor 3.
Buy to Open 10 DISH 6/19/20 $35.00 C @ $6.30 ($6300)
I’m hoping the stock make a move this week because I’d like to get out as soon as possible.
Steve
The Options Coach