{"id":7912,"date":"2020-06-24T10:23:23","date_gmt":"2020-06-24T14:23:23","guid":{"rendered":"http:\/\/www.mainstbeatswallst.com\/?page_id=7912"},"modified":"2020-06-24T10:23:23","modified_gmt":"2020-06-24T14:23:23","slug":"just-completed-a-nvda-covered-call","status":"publish","type":"page","link":"https:\/\/www.mainstbeatswallst.com\/?page_id=7912","title":{"rendered":"Just Completed a NVDA Covered Call"},"content":{"rendered":"

\"\"<\/a>Yesterday, while I was in the middle making a ton of trades, I was trying to get a 1 contract Covered Call completed with Nvidia (NVDA). I had an order in to buy 100 shares and I had an order in to sell a 1 contract Call. It turned out the stock started moving up and I was filled on my 1 contract Call but was never filled on the buying of the 100 shares. Then the stock moved above my Strike Price so I couldn’t buy the stock until it dropped down, which it never did. Luckily, this morning it did. I was just filled on the buying the 100 shares. First I was filled on a 1 contract 6\/26\/20 $377.50 Call for a premium of $6.10, then today I was filled on buying 100 shares at $375.50. I now have my NVDA Covered Call.<\/p>\n

6\/24\/20 \u2013 Buy 100 Shares NVDA @ $375.50<\/strong><\/p>\n

6\/23\/20 \u2013 Sell to Open 1 NVDA 6\/26\/20 $377.50 C @ $6.10 (+$610)<\/strong><\/p>\n

My advice is to always buy the stock before you sell the Call. If you do it in the order that I did it could get you in trouble. You could get caught with an In-the-Money<\/a> <\/span>\u00a0Naked Call. An In-the-Money Naked could be very dangerous, especially with a hot stock like NVDA!<\/p>\n

I lucked out so this trade now gets a Risk Factor 1<\/strong>.<\/p>\n

This trade gives me a Return on Investment (ROI) of 1.6% and fits into my “1 Week\/1%<\/a><\/span>” strategy.<\/p>\n

Successful trading,<\/p>\n

Steve<\/p>\n

The Options Coach\u00a0<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Yesterday, while I was in the middle making a ton of trades, I was trying to get a 1 contract Covered Call completed with Nvidia (NVDA). I had an order in to buy 100 shares and I had an order in to sell a 1 contract Call. It turned out the stock started moving up […]<\/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-7912","page","type-page","status-publish","hentry"],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/P75MP0-23C","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/7912","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=7912"}],"version-history":[{"count":1,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/7912\/revisions"}],"predecessor-version":[{"id":7913,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/7912\/revisions\/7913"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7912"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}