Covered Call with HOOD and Sold 2 PLTR Puts

I like the stock RobinHood (HOOD). I just bought 200 shares of the stock at $44.50 and sold a 2 contract Call. I feel this is a great Grasshopper trade. I sold 2 HOOD 4/15/25 $45 Call for a premium of 90¢. I know 90¢ doesn’t sound like a lot but remember it’s the Return on Investment (ROI). A 90¢ premium on a $44.50 stock is a return of 2% so this trade fits into my “1 Week/1%” strategy. Even though this will be only a 2 day trade. The market is closed on Friday so this Expiration Date is Thursday.

Buy 200 Shares HOOD @ $44.50

Sell to Open 2 HOOD 4/17/25 $45.00 C @ 90¢ (+$180)

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I also sold two Puts on Palantir (PLTR). This is another stock I love! I sold 2 PLTR 4/15/25 $92 Puts. I am it this position for the premium. I do not think Palantir will go down to $92 before the close on Thursday but if it does I do not mind owning another 200 shares at $92; either way I’m happy!

Sell to Open 2 PLTR 4/17/25 $92.00 P @ 80¢ (+$160)

I feel this position is a nice way to make a quick $160. Remember, I did not lay out any money, I just agreed to buy 200 shares of the stock at $92. As I write the stock is at $97.70.

 

Successful trading,

Steve

The Options Coach