On 5\/26 I bought 1000 shares of Occidental Petroleum (OXY) at $14.50, and on 5\/28 I bought another 1000 shares at $13.90.<\/p>\n
I placed 2 separate orders for 10 contract Calls. I placed the orders and hit my gym for an hour. I just got out from my workout and noticed OXY had a run up at about 1pm. I was filled on both orders.<\/p>\n
For the shares I own at $14.50 I sold a 10 contract Call to expire on Friday 6\/12; I didn’t like the $14.50 premiums expiring on 6\/5. I received a premium of 40\u00a2 for $400. This is a Covered Call on a solid stock so it gets a Risk Factor 1<\/strong>.<\/p>\n 5\/26\/20 \u2013 Buy 1000 Shares OXY @ $14.50<\/strong><\/p>\n 6\/1\/20 \u2013 Sell to Open 10 OXY 6\/12\/20 $14.50 C @ 40\u00a2 (+$400)<\/strong><\/p>\n A 40\u00a2 return on a $14.50 stock is a return of 2.7%.<\/p>\n __________<\/p>\n For the shares I bought at $13.90 I sold 10 contracts of the OXY 6\/5\/20 $14.00 Call for a premium of 30\u00a2 for $300. This also is a Risk Factor 1<\/strong>.<\/p>\n 5\/28\/20 – Buy 1000 Shares OXY @ $13.90\u00a0<\/strong><\/p>\n