{"id":7772,"date":"2020-06-01T10:53:13","date_gmt":"2020-06-01T14:53:13","guid":{"rendered":"http:\/\/www.mainstbeatswallst.com\/?page_id=7772"},"modified":"2020-06-01T12:03:28","modified_gmt":"2020-06-01T16:03:28","slug":"draftking-covered-call","status":"publish","type":"page","link":"https:\/\/www.mainstbeatswallst.com\/?page_id=7772","title":{"rendered":"Draftking Covered Call"},"content":{"rendered":"

\"\"<\/a>Draftking (DKNG) has been moving up the last few weeks in anticipation of the sports world getting opened, or at least partially opened. I think this can be a good stock, especially once the pro sports open. I decided to jump on the band wagon and get involved in a 1 week play. It’s not my first with DKNG but it’s my largest.<\/p>\n

This morning the stock was off and running. I bought 500 shares a short time after the open and the stock was already up about $2. I paid $41.50. I bought the stock for the sole purpose of selling a Call. The stock was moving so after I bought I watched a little while to see where the Stock might go. I was looking to sell the $45 Call to expire this Friday. It had a premium of $1.80. The stock was moving up so I placed and order to sell 5 6\/5\/20 $45 Calls for a premium of $2.10. I thought it might have trouble getting there but my patience paid off. I was just filled on the $2.10. The funny part in the stock is still moving. As I write the stock is at $43.40 and the $45 premium is at $2.40. No problem! I’m very happy with my $2.10<\/p>\n

6\/1\/20 \u2013 Buy 500 Shares DKNG @$41.50<\/strong><\/p>\n

6\/1\/20 \u2013 Sell to Open 5 DKNG 6\/5\/20 $45.00 C @ $2.10 (+$1050)<\/strong><\/p>\n

This is a Covered Call on a hot stock, but it is a little volatile, so I gave it a Risk Factor 2<\/strong>.<\/p>\n

Hopefully this trade will be a good start to the week. I think it will be!<\/p>\n

I’m hoping to get assigned. If I do I’ll keep the $1050 premium and make $3.50 on the stock sale. The $3.50 with 500 shares will be another $1750.<\/p>\n

Successful Trading,<\/p>\n

Steve<\/p>\n

The Options Coach<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Draftking (DKNG) has been moving up the last few weeks in anticipation of the sports world getting opened, or at least partially opened. I think this can be a good stock, especially once the pro sports open. I decided to jump on the band wagon and get involved in a 1 week play. It’s not […]<\/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-7772","page","type-page","status-publish","hentry"],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/P75MP0-21m","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/7772","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=7772"}],"version-history":[{"count":3,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/7772\/revisions"}],"predecessor-version":[{"id":7780,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/7772\/revisions\/7780"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7772"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}