Last week I sold a 10 contract $111 Put with PENN bringing in a premium of $3250. The 1000 shares were put to me at $111. The stock dropped back with the entire NASDAQ. Today with the stock at $102 I just sold a 10 contract Call. I sold 10 PENN 4\/1\/21 $111 Calls for a premium of 70\u00a2 for $700. It’s not the premium I wanted but the Strike Price is $9 above the stock price. I wanted to get this Call in today because there’s only 2 days left in the week. I don’t think I’ll get assigned so I plan on selling another Call next week. Until then I’ll take the $700.<\/p>\n
<\/p>\n
3\/30\/21 – Sell to Open 10 PENN 4\/1\/21 $111.00 C @ 70\u00a2 (+$700)<\/strong><\/p>\n This trade gets a Risk Factor 1<\/strong>.<\/p>\n __________\u00a0<\/strong><\/p>\n I already own shares of Peloton but with this week getting old and the stock much lower than my buy-in price I decided to buy another 1000 shares at $106 and sell a 3 day Call. I sold 10 contracts of the PTON 4\/1\/21 $107 Calls for a premium of $1.75 for $1750.<\/p>\n <\/p>\n Buy 1000 Shares PTON @ $106.00<\/strong><\/p>\n Sell to Open 10 PTON 4\/1\/21 $107.00 C @ $1.75 (+$1750)<\/strong><\/p>\n I picked the $107 Strike Price because I want to get assigned. On assignment I’ll make another $1000 on the stock sale. This trade gets a Risk Factor 1<\/strong>.<\/p>\n <\/p>\n Successful trading,<\/p>\n Steve<\/p>\n The Options Coach<\/em><\/p>\n","protected":false},"excerpt":{"rendered":" Last week I sold a 10 contract $111 Put with PENN bringing in a premium of $3250. The 1000 shares were put to me at $111. The stock dropped back with the entire NASDAQ. Today with the stock at $102 I just sold a 10 contract Call. I sold 10 PENN 4\/1\/21 $111 Calls for […]<\/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-11035","page","type-page","status-publish","hentry"],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/P75MP0-2RZ","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/11035","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=11035"}],"version-history":[{"count":1,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/11035\/revisions"}],"predecessor-version":[{"id":11036,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/11035\/revisions\/11036"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11035"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}