{"id":10140,"date":"2021-01-22T10:22:25","date_gmt":"2021-01-22T15:22:25","guid":{"rendered":"http:\/\/www.mainstbeatswallst.com\/?page_id=10140"},"modified":"2021-01-22T10:23:57","modified_gmt":"2021-01-22T15:23:57","slug":"sold-a-20-contract-call-with-pltr","status":"publish","type":"page","link":"https:\/\/www.mainstbeatswallst.com\/?page_id=10140","title":{"rendered":"Sold a 20 Contract Call With PLTR"},"content":{"rendered":"<p>I own 2000 shares of Palantir at $28.40. This week I sold a $28.50 Call against these shares and received a 80\u00a2 premium. When making this trade I made a mistake. I wanted to sell 20 contracts but when I filled in the order I entered 10 contracts. I was filled on that order quickly but soon after the stock dropped to the point I couldn&#8217;t get the other 10 contracts sold. As of this morning I still only have a 10 contract Call sold against my 2000 shares.<\/p>\n<p>This morning the stock is up. However, it&#8217;s not up to the point that I&#8217;ll get assigned at $28.50. Since I feel my 10 contract Call will expire without assignment I just sold a Call for next week.<\/p>\n<p>This time I did it correctly. I sold 20 1\/29\/21 $28.50 Calls for a premium of $1 for $2000.<\/p>\n<p style=\"text-align: center;\"><strong>Sell to Open 20 PLTR 1\/29\/21 $28.50 C @ $1.00 (+$2000)\u00a0<\/strong><\/p>\n<p>After the close today, and the 10 contract Call expires, this new 20 contract Call will be a <strong>Risk Factor 1<\/strong>. At the moment I have the 10 contract Call expiring today and the new 20 contract Call expiring next week. After today I&#8217;ll own 2000 shares and have a 20 contract Call.<\/p>\n<hr \/>\n<p>As I write PLTR is at $26.95. I have a 1 contract $27 Grasshopper Covered Call to expire today. If I get assigned this deal will be over. If the stock backs off and I don&#8217;t get assigned, I might sell another 1 contract Call at the close today. Later today I&#8217;ll let you know what I&#8217;m thinking.<\/p>\n<p>Successful trading,<\/p>\n<p>Steve<\/p>\n<p><em>The Options Coach<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>I own 2000 shares of Palantir at $28.40. This week I sold a $28.50 Call against these shares and received a 80\u00a2 premium. When making this trade I made a mistake. I wanted to sell 20 contracts but when I filled in the order I entered 10 contracts. I was filled on that order quickly [&hellip;]<\/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-10140","page","type-page","status-publish","hentry"],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/P75MP0-2Dy","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/10140","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=10140"}],"version-history":[{"count":2,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/10140\/revisions"}],"predecessor-version":[{"id":10142,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/10140\/revisions\/10142"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10140"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}