Peloton (PTON) is a stock that moves well when the coronavirus causes the market to go down. I bought 1000 shares of the stock on Monday, pre-market. It turned out to be not a great buy, when the drug company Moderna came out with some good news on a possible vaccine the market jumped higher and PTON dropped back. No Problem! PTON is coming back and with the stock at $45.50 I just sold a 10 contract Call.<\/p>\n
5\/18\/20 \u2013 Buy 1000 Shares PTON @ $47.45<\/strong><\/p>\n Today \u2013 Sell to Open 10 PTON 5\/22\/20 $48.00 C @ 50\u00a2 (+$500)<\/strong><\/p>\n I sold the $48 Call to expire this Friday. I did get a $500 premium which is a Rate of Return<\/a><\/span> of 1.1%. This trade fits into my 1 Week\/1%<\/a> <\/span>strategy. It is a Covered Call on a good stock so it gets a Risk Factor 1<\/strong>.<\/p>\n Slow and Steady, Steady and Slow! Even in this crazy volatility there is no get” rich quick scheme” in the stock market!<\/p>\n Successful Trading,<\/p>\n Steve<\/p>\n The Options Coach<\/em><\/p>\n","protected":false},"excerpt":{"rendered":" Peloton (PTON) is a stock that moves well when the coronavirus causes the market to go down. I bought 1000 shares of the stock on Monday, pre-market. It turned out to be not a great buy, when the drug company Moderna came out with some good news on a possible vaccine the market jumped higher […]<\/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-7670","page","type-page","status-publish","hentry"],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/P75MP0-1ZI","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/7670","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=7670"}],"version-history":[{"count":1,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/7670\/revisions"}],"predecessor-version":[{"id":7671,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/7670\/revisions\/7671"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7670"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}