A little while ago I wrote of my concern about Zoom’s stock with the vaccine coming. Well, a few minutes ago the NYC school system reported that they will be closing the schools because of the infection rate. This news caused Zoom to take off. I already sold (2) 1 contract Calls and have another 400 shares at the price $508. This buy-in price was a little high to get a Call sold with a decent premium. Now with the stock moving up fast I just got a 2 day Call sold. I sold 4 contracts of the ZM 11/20/20 $510 Calls for a premium of $1 for $400. I thought the stock would be idle for a while so I’m very happy getting this Call sold.
Sell to Open 4 ZM 11/20/20 $510.00 C @ $1.00 (+$400)
I don’t see me getting assigned with a Strike Price of $510 by Friday, but you never know. I would love it! This trade is a Covered Call so it gets a Risk Factor 1.
Successful trading,
Steve
The Options Coach