{"id":8009,"date":"2020-07-06T14:19:53","date_gmt":"2020-07-06T18:19:53","guid":{"rendered":"http:\/\/www.mainstbeatswallst.com\/?page_id=8009"},"modified":"2020-07-06T14:27:25","modified_gmt":"2020-07-06T18:27:25","slug":"entered-a-pton-20-contract-covered-call","status":"publish","type":"page","link":"https:\/\/www.mainstbeatswallst.com\/?page_id=8009","title":{"rendered":"Entered a PTON 20 Contract Covered Call"},"content":{"rendered":"

\"\"<\/a>It took me a while to get filled on a 20 contract Covered Call but it did happen. About 2 hours ago I entered 2 trades. One to buy 2000 shares of Peloton (PTON) at $59.90 and \u00a0another to sell a 20 contract PTON 7\/10\/20 $60 Call for $2.<\/p>\n

I got filled on the Call first. It did get a little scary because after I was filled on the Call the stock went up another dollar. At this point I had a 20 contract Naked Call. I did have full confidence the stock would fluctuate back down, and it did. A few minutes ago I was filled on the buying of the 2000 shares at $59.90.<\/p>\n

Buy 2000 Shares PTON @ $59.90<\/strong><\/p>\n

Sell to Open 20 PTON 7\/10\/20 $60.00 C @ $2,00 (+$4000)<\/strong><\/p>\n

PTON has been the source of a lot of money for me over the last few weeks. Let’s hope this one works out the same way. If I get assigned this position will make me $4200.<\/p>\n

PTON is one of the few “COVID” stocks. I think it will be a good stock to play for a while.<\/p>\n

As I write PTON is moving lower. If I waited a little longer I would have gotten the stock a little cheaper. No problem! Not too often will you enter positions at the perfect time.<\/p>\n

This is a Covered Call on a very hot stock so it gets a Risk Factor 1<\/strong>.<\/p>\n

\n

Earlier I sold a 1 contract LEAPS on AAPL. The option activity is going wild with Microsoft (MSFT). With the profit from the AAPL lEAPS I bought a 2 contract LEAPS with MSFT. I only want to be in this position for 2 or 3 weeks.<\/p>\n

Buy to Open 2 MSFT 1\/15\/21 $210.00 C @ $18.75<\/strong><\/p>\n

If you want to see all the LEAPS I’m holding you will see them at the bottom of my Active Trades\/Current Positions<\/a> <\/span>page.<\/p>\n

Successful trading,<\/p>\n

Steve<\/p>\n

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

It took me a while to get filled on a 20 contract Covered Call but it did happen. About 2 hours ago I entered 2 trades. One to buy 2000 shares of Peloton (PTON) at $59.90 and \u00a0another to sell a 20 contract PTON 7\/10\/20 $60 Call for $2. I got filled on the Call […]<\/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-8009","page","type-page","status-publish","hentry"],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/P75MP0-25b","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/8009","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=8009"}],"version-history":[{"count":2,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/8009\/revisions"}],"predecessor-version":[{"id":8011,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/8009\/revisions\/8011"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=8009"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}