{"id":7777,"date":"2020-06-01T12:02:25","date_gmt":"2020-06-01T16:02:25","guid":{"rendered":"http:\/\/www.mainstbeatswallst.com\/?page_id=7777"},"modified":"2020-06-01T12:06:43","modified_gmt":"2020-06-01T16:06:43","slug":"sold-20-peloton-calls","status":"publish","type":"page","link":"https:\/\/www.mainstbeatswallst.com\/?page_id=7777","title":{"rendered":"Sold 20 Peloton Calls"},"content":{"rendered":"

\"\"<\/a>On 5\/18 I bought 1000 shares of Peloton (PTON) at 47.45, and on 5\/26 I bought another 1000 at $43.40. On both of these purchases I sold Covered Calls and brought in a premium. The 1000 shares of each of these Covered Calls were not assigned. The result is I still own 2000 shares of PTON.<\/p>\n

On my Current Positions<\/a> <\/span>page I now list the 2000 at the average price of $45.42.<\/p>\n

A few minutes ago I sold 20 contracts of the \u00a0PTON 6\/5\/20 $46 Calls for a 50\u00a2 premium.<\/p>\n

5\/26\/20 – Buy 2000 Shares PTON @ $45.42<\/strong><\/p>\n

6\/1\/20 – Sell to Open 20 PTON 6\/5\/20 $46.00 C @ 50\u00a2 (+$1000)<\/strong><\/p>\n

This trade is a Covered Call with a Risk Factor 1<\/strong>. As usual I hope to get assigned. The 50\u00a2 premium on a $45.42 stock is a Return on Investment of 1.1% and it fits into my “1 Week\/1%<\/a><\/span>” strategy. If I get assigned my return will be higher because of the stock sale.<\/p>\n

When the premium of this options was 38\u00a2 I placed the trade order with a \u00a0premium of 50\u00a2. \u00a0I was worried I wouldn’t get filled but that’s the premium I wanted. After I was filled the stock continued up. The premium is now 75\u00a2. Oh well! Not too often do you get into, or out of a trade, at the perfect time. Get used to it! And don’t let it bother you.<\/p>\n

Successful Trading,<\/p>\n

Steve<\/p>\n

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

On 5\/18 I bought 1000 shares of Peloton (PTON) at 47.45, and on 5\/26 I bought another 1000 at $43.40. On both of these purchases I sold Covered Calls and brought in a premium. The 1000 shares of each of these Covered Calls were not assigned. The result is I still own 2000 shares of […]<\/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-7777","page","type-page","status-publish","hentry"],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/P75MP0-21r","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/7777","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=7777"}],"version-history":[{"count":2,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/7777\/revisions"}],"predecessor-version":[{"id":7783,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/7777\/revisions\/7783"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7777"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}