{"id":7860,"date":"2020-06-15T10:02:28","date_gmt":"2020-06-15T14:02:28","guid":{"rendered":"http:\/\/www.mainstbeatswallst.com\/?page_id=7860"},"modified":"2020-06-15T10:12:28","modified_gmt":"2020-06-15T14:12:28","slug":"another-peloton-covered-call","status":"publish","type":"page","link":"https:\/\/www.mainstbeatswallst.com\/?page_id=7860","title":{"rendered":"Another Peloton Covered Call"},"content":{"rendered":"

I just made a trade I hope will become a huge winner. It’s another Covered Call with Peloton (PTON).<\/p>\n

When the market is down because of the coronavirus PTON normally moves well. About 3 minutes into today’s session I bought 2000 shares of PTON at $47.25. I felt the stock would move up today. The low of the day is $47.08 so I got in very close to the bottom. When I bought the stock the premium for the $48 Call was about $1.50. I was hoping for a $2 premium so I placed the order for the premium I wanted. The stock started up and with the stock at $47.95 I was filled on 20 contracts of the PTON 6\/19\/20 $48 Call for the $2 premium. This gave me a $4000 premium on the 20 contracts.<\/p>\n

Buy 2000 Shares PTON @ $47.25<\/strong><\/p>\n

Sell to Open 20 PTON 6\/19\/20 $48.00 C @ $2.00 (+$4000)<\/strong><\/p>\n

I love this trade for a number of reasons. First, the Return on Investment (ROI) is 4.2% for the 1 week option. Next, this is a Covered Call on a very good stock so it gets a Risk Factor 1<\/strong>. The best thing is, as I write the stock is up to $50.25. I’m already $2.50 In-the-Money<\/a><\/span>. I know it’s early in the week and a lot will happen, but if I get assigned at $48 I’ll make another 75\u00a2 on the stock. With 2000 shares I’ll make another $1500 on this Covered Call.<\/p>\n

As usually, I hope I get assigned!<\/p>\n

\n

Also, I was just filled on a 2 contract Call with NVDA. I sold a Covered Call last week but was not assigned. Still owning 200 shares, today I sold another 2 contract 6\/19\/20 $365 Call for a premium of $7 for a total premium of $1400.<\/p>\n

Sell to Open 2 NVDA 6\/19\/20 $365.00 C @ $7.00 (+$1400)<\/strong><\/p>\n

This trade gives me a ROI of 1.9%. This gets a Risk Factor 1<\/strong>.<\/p>\n

Successful Trading,<\/p>\n

Steve<\/p>\n

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

I just made a trade I hope will become a huge winner. It’s another Covered Call with Peloton (PTON). When the market is down because of the coronavirus PTON normally moves well. About 3 minutes into today’s session I bought 2000 shares of PTON at $47.25. I felt the stock would move up today. The […]<\/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-7860","page","type-page","status-publish","hentry"],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/P75MP0-22M","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/7860","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=7860"}],"version-history":[{"count":2,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/7860\/revisions"}],"predecessor-version":[{"id":7864,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/7860\/revisions\/7864"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7860"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}