Today is Friday, which for me is an Expiration Day. At this point it looks like I’ll be getting assigned on most of my Covered Calls. Anyone who follows my strategy knows this is exactly what I aim for. If today continues, and closes in the green, and I do get assigned on most of my positions this week will another great one!<\/p>\n
Since I feel I’ll be getting assigned on my positions, which will give me a lot of available funds, I decided to get next week started. I was just filled on the selling of Calls with Draftkings (DKNG) and Occidental Petroleum (OXY).<\/p>\n
Draftkings<\/strong><\/span><\/p>\n Last week I bought 500 shares of DKNG at $41.50. When I bought the shares I also sold a 5 contract $42 Call which is expiring today at the close. DKNG is up but hanging around the $41 area. This is one position I don’t think I’ll be getting assigned on. With this in mind I just sold a Call to get started on next week’s income.<\/p>\n I sold 5 DKNG 6\/26\/20 $42.00 Calls for a premium of $1.80. This is a great premium which gives me a Return on Investment (ROI) of 4.3%. Remember this $900 is added to the premium I received this week, $400. These 2 premiums together gives me a ROI of 6.2% for the 2 weeks.<\/p>\n Sell to Open 5 DKNG 2\/26\/20 $42.00 C @ $1.80 (+$900)<\/strong><\/p>\n At the moment this is a Naked Call because the shares I’m holding are covering the Call expiring today. As soon as the today is history these shares will cover the Call I just sold. It will be a Risk Factor 1<\/strong>.<\/p>\n Occidental Petroleum<\/strong><\/span><\/p>\n I own 1000 shares of OXY at $23.75. The stock dipped down and I wasn’t able to get a Call sold this week. The stock popped up a little yesterday and today and I just got a Call sold for close go a 1% premium. I sold 10 OXY 6\/26\/20 $24 Calls for a premium of 20\u00a2 for $200. While the stock is down from where I bought, I’ll take it!<\/p>\n Sell to Open 10 OXY 6\/26\/20 $24.00 C @ 20\u00a2 (+$200)<\/strong><\/p>\n This is a Covered Call and it 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":" Today is Friday, which for me is an Expiration Day. At this point it looks like I’ll be getting assigned on most of my Covered Calls. Anyone who follows my strategy knows this is exactly what I aim for. If today continues, and closes in the green, and I do get assigned on most 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-7887","page","type-page","status-publish","hentry"],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/P75MP0-23d","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/7887","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=7887"}],"version-history":[{"count":2,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/7887\/revisions"}],"predecessor-version":[{"id":7891,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/7887\/revisions\/7891"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7887"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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