Earlier I reported that I did a “Buy to Close” with my Peloton Calls. The stock was dropping and I was able to lock a lot of the premium. Doing this to a 20 contract gives me the opportunity to sell another Call if the stock recovers. Well the stock is recovering.<\/p>\n
I also have another 2000 shares available for a Call that expired this past Friday. This gives me a total 4000 shares I bought at 134.12 available for Call.<\/p>\n
With the stock moving back up I placed an order to sell 40 contracts of the PTON 1\/22\/21 $160 Calls for a premium of $1.25. I was just filled on that order. It gave me a total premium of $5000 and the Call expires this Friday.<\/p>\n
Sell to Open 40 1\/22\/21 $160.00 C @ $1.25 (+$5000)<\/strong><\/p>\n I also have another 1000 shares of PTON I bought last week to cover a 10 contract Naked Call. I had a $170 Call sold but I did a “Buy to Close”earlier. These 1000 shares are also available to sell a Call against. I bought these shares at $167 so I have an order in to sell 10 1\/29\/21 $170 Calls for a premium of $1.60. I’ll let you know if I get filled.<\/p>\n I own a total of 5000 shares of Peloton. 10 contracts will expire next week if I get filled, but I have the 40contracts expiring this Friday. This is going to be another very good week. I just hope I get assigned on some of my positions.<\/p>\n Successful trading,<\/p>\n Steve<\/p>\n The Options Coach<\/p>\n","protected":false},"excerpt":{"rendered":" Earlier I reported that I did a “Buy to Close” with my Peloton Calls. The stock was dropping and I was able to lock a lot of the premium. Doing this to a 20 contract gives me the opportunity to sell another Call if the stock recovers. Well the stock is recovering. I also have […]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"class_list":["post-10095","page","type-page","status-publish","hentry"],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/P75MP0-2CP","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/10095","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=10095"}],"version-history":[{"count":1,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/10095\/revisions"}],"predecessor-version":[{"id":10096,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/10095\/revisions\/10096"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10095"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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