I have a $140 Naked Call with Peloton that expires today. The stock was getting very close to my Strike Price so I decided to buy the shares to cover this Naked Call.
Buy 1000 Shares PTON @ $139.00
If it ends up where I don’t get assigned I’ll sell another Call for next week. But let me be clear, I want to get assigned. I want the stock to close above $140 today.
Successful trading,
Steve
The Options Coach