Earlier I bought 1000 shares of Peloton (PTON) at $68.50 And sold a 10 contract Call. I sold the 7\/17\/20 $69 Call for a $2 premium. The stock moved down to where the premium was at $1.40. I decided to do a “But to Close” for a $600 profit.<\/p>\n
\u00a0Sell to Open 10 PTON 7\/17\/20 $69.00 $2.00 (+$2000)<\/strong><\/p>\n Buy to Close 10 PTON 7\/17\/20 $69.00 C @ $1.40 (-$1400)<\/strong><\/p>\n Today is a big up day. PTON does not move as well on up days. PTON is a COVID-19 stock. It will go up when the coronavirus causes the market to go down. The stock is down today but I think it will go up when the virus moves the market down. If, and when, this happens I hope to get another Call sold for another $2 premium. For the time being, I just locked in a $600 profit in a few hours.<\/p>\n I’m gonna enter an order to sell the same Call I sold this morning for another $2 premium. You never know, it might hit it today.<\/p>\n Also earlier I bought a 2 contract LEAPS on Workhorse (WKHS). A few of my students are in this stock and after a little homework I think the company can have some potential in the electric vehicle field. They concentrate on delivery vans and trucks and have a contract with UPS. I bought 2 WKHS 12\/17\/21 $18 Calls. Right now the stock is at $16.70. This position has a Delta of .74. This position expires in December of 2021.<\/p>\nProfit +$600<\/strong><\/span><\/h4>\n