About 3 hours ago I sold Calls on AAPL and MSFT. These Calls brought in a total of $10,000, $5000 from each. I jumped out of both for a few reasons. The Senate is about to vote on a stimulus package and I think this could move the market. If the market goes up I’ll be able to sell the Calls again with stocks at higher prices. Plus I took a few hour profit on each Call. I made $2100 by getting out of the AAPL Call earlier, and I just locked in $1000 on the MSFT Call. I’m happy getting out making a total of $3100 in a few hours. And I think I’ll have an opportunity to sell the Calls again. If not, fine, I locked in $3100 on the day. Here’s the MSFT trade.
Sell to Open 10 MSFT 3/27/20 $140.00 C @ $5.00 ($5000)
Buy to Close 10 MSFT 3/27/20 $140.00 C @ $4.00 ($4000)
Profit +$1000
When the Senate is done with their vote I’m hoping for a pop in the market.
$3100 is a great week! I just did that in a day. Let’s see what I can do from now until Friday.
Successful Trading,
Steve
The Options Coach