A few minutes after the open I bought 1000 of Square (SQ).
On this past Friday I was assigned on 1000 shares of SQ. I owned the shares at $62.75 and sold a $64.50 Call which expired on Friday. With about 45 minutes to the close on Friday, before the stock went into the money, I sold another Call to expire this coming Friday. I felt the stock was gonna stay below my Strike Price of $64.50 and I wanted to sell another Covered Call for this week. With a few minutes left until the close the stock went above my Strike. The result is I was assigned leaving my new SQ Call Naked. This morning with the stock at $64.90 and me having a $65 Naked Call, I bought 1000 shares to make this a Covered Call
Buy to Open 1000 Shares SQ @ $64.90
I now have a Covered Call with a very good stock. This position gets a Risk Factor 1.
Watch for my Wealth Builder section. I’m getting very close to making it public. Along with the Wealth Builder will be my Portfolios. I will have three.
5 Star Trading Portfolio
Pillar of Strength Portfolio
Stock Alternative Portfolio
Each one will be explained in the pages of “Wealth Builder.”
Successful trading,
Steve
The Options Coach