My busy day continues with 3 more trades. On 3\/3 I bought 1000 shares of Applied Materials (AMAT) at $115.85. This is the 3rd week in a row that I brought in a nice premium on the same shares. This week I sold 10 contracts of the 3\/19\/21 $116 Calls for a premium of $1.50 for $1500.<\/p>\n
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Sell to Open 10 AMAT 3\/19\/21 $16.00 C @ $1.50 (+$15.00)<\/strong><\/p>\n This trade gets a Risk Factor 1<\/strong>.<\/p>\n On 2\/16 I bought 1000 shares of Xpeng (XPEV) at $46.90. With the NASDAQ sell-off the stock pulled back to the $25 area. This makes it very tough to sell Calls because you don’t want to use a Strike Price below your buy-in price.<\/p>\n The stock has been recovering and today with the stock at $35.60 I decided to sell a $38 Call. If I get assigned I’ll lose a lot of money on the stock sale.<\/p>\n I have a lot of money in my margin buying power because my positions have been going up, and I was assigned on some high priced stocks this past Friday. Instead of buying more positions to sell Calls and leaving XPEV idle, I decided to sell a Call against shares I already own. If it looks like I will get assigned I’ll buy more shares of XPEV to deliver the shares. So, to bring in more premium this week I don’t have to buy more shares of a new stock. If you don’t understand what I’m doing here send me an email and I’ll explain further.<\/p>\n <\/p>\n Sell to Open 10 XPEV 3\/19\/21 $38.00 C @ 55\u00a2 (+$550)<\/strong><\/p>\n This trade gets a Risk Factor 3<\/strong> and I hope I don’t get assigned.<\/p>\n This last trade I sold a Put on Peloton. I’ve been involved in Peloton (PTON) a long time and I don’t think the stock will get down to $100. I sold 10 contracts of the PTON 3\/19\/21 $100.00 Puts at $75\u00a2 for $750.<\/p>\n <\/p>\n Sell to Open 10 PTON 3\/19\/21 $100.00 P @ 75\u00a2 (+$750)<\/strong><\/p>\n This trade gets a Risk Factor 1<\/strong>. If the stock gets down to $100 I’ll take it!<\/p>\n <\/p>\n Successful trading,<\/p>\n Steve<\/p>\n The Options Coach<\/em><\/p>\n","protected":false},"excerpt":{"rendered":" My busy day continues with 3 more trades. On 3\/3 I bought 1000 shares of Applied Materials (AMAT) at $115.85. This is the 3rd week in a row that I brought in a nice premium on the same shares. This week I sold 10 contracts of the 3\/19\/21 $116 Calls for a premium of $1.50 […]<\/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-10951","page","type-page","status-publish","hentry"],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/P75MP0-2QD","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/10951","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=10951"}],"version-history":[{"count":1,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/10951\/revisions"}],"predecessor-version":[{"id":10952,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/10951\/revisions\/10952"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10951"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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