With Nvidia (NVDA) at $290.50 I just sold 1 contract of the 4\/24\/20 $292.50 Call for a premium of $4.10 ($410). This is a Naked Call, but I did place a “Buy Stop” order set at $292.<\/p>\n
Buy to Open 1 NVDA 4\/24\/20 $292.50 C @ $4.10 (+$410)<\/strong><\/p>\n If the stock stays below my Strike Price of $292.50 until the close tomorrow this Call will expire and I won’t purchase the stock. If the stock goes up to my \u00a0“Buy Stop” of $292 the stock will automatically be bought to cover the Call.<\/p>\n I’ll be OK with whatever happens. I will not mind owning 100 shares of this great stock, or I wouldn’t mind the Call expiring as a Naked Call. Either way I’m OK. I guess that’s the best position to be in. At the moment this is a Naked Call but I have a buy order in so this trade gets a Risk Factor 3<\/strong>. If the stock gets up to $292 today while the market is open the stock will get bought. The risk is if the stock makes a big jump over night, The “Buy Stop” order will not get filled.<\/p>\n I also bought 5 Walmart (WMT) LEAPS. I bought 5 WMT 1\/21\/22 $130.00 Calls at $17.00.<\/p>\n Buy to Open 5 WMT 1\/21\/22 $130.00 C @ $17.00<\/strong><\/p>\n Successful Trading,<\/p>\n Steve<\/p>\n The Options Coach<\/em><\/p>\n","protected":false},"excerpt":{"rendered":" With Nvidia (NVDA) at $290.50 I just sold 1 contract of the 4\/24\/20 $292.50 Call for a premium of $4.10 ($410). This is a Naked Call, but I did place a “Buy Stop” order set at $292. Buy to Open 1 NVDA 4\/24\/20 $292.50 C @ $4.10 (+$410) If the stock stays below my Strike […]<\/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-7487","page","type-page","status-publish","hentry"],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/P75MP0-1WL","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/7487","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=7487"}],"version-history":[{"count":2,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/7487\/revisions"}],"predecessor-version":[{"id":7491,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/7487\/revisions\/7491"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7487"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}