{"id":11614,"date":"2021-06-07T15:06:45","date_gmt":"2021-06-07T19:06:45","guid":{"rendered":"http:\/\/www.mainstbeatswallst.com\/?page_id=11614"},"modified":"2021-06-07T15:06:45","modified_gmt":"2021-06-07T19:06:45","slug":"deep-in-the-money-covered-call-with-skillz","status":"publish","type":"page","link":"https:\/\/www.mainstbeatswallst.com\/?page_id=11614","title":{"rendered":"Deep In-the-Money Covered Call with Skillz"},"content":{"rendered":"<p>A little while ago I wrote about a possible trade with Skillz (SKLZ). Well, I just took my own advice. I bought 500 Shares of SKLZ at $22 and sold a Deep In-the-Money Covered Call.<\/p>\n<p>I bought the stock at $22 and sold 5 contracts of the SKLZ 6\/11\/21 $21 Call for a premium of $1.80.<\/p>\n<p style=\"text-align: center;\"><span style=\"text-decoration: underline;\">Deep In-the Money Covered Call<\/span><\/p>\n<p style=\"text-align: center;\"><strong>Buy 500 Shares SKLZ @ $22.00<\/strong><\/p>\n<p style=\"text-align: center;\"><strong>Sell to Open 5 SKLZ 6\/7\/21 $21.00 C @ $1.80 (+$900)<\/strong><\/p>\n<p>&nbsp;<\/p>\n<p>For anyone who did see the last post a Deep In-the-Money Covered Call is buying the stock and selling the Call at least $1 In-the-Money. Here I bought at $22 and sold the $21 Call.<\/p>\n<p>If I get assigned I&#8217;ll lose $1 on the stock and keep the premium. The total return will be 3.6%.<\/p>\n<p>If I don&#8217;t get assigned I&#8217;ll keep the stock and the premium will be a return of 8%.<\/p>\n<p>&nbsp;<\/p>\n<p>Successful trading,<\/p>\n<p>Steve<\/p>\n<p><em>The Options Coach<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A little while ago I wrote about a possible trade with Skillz (SKLZ). Well, I just took my own advice. I bought 500 Shares of SKLZ at $22 and sold a Deep In-the-Money Covered Call. I bought the stock at $22 and sold 5 contracts of the SKLZ 6\/11\/21 $21 Call for a premium of [&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-11614","page","type-page","status-publish","hentry"],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/P75MP0-31k","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/11614","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=11614"}],"version-history":[{"count":1,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/11614\/revisions"}],"predecessor-version":[{"id":11615,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/11614\/revisions\/11615"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11614"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}