I own 1000 shares of Peloton (PTON) at $72.25. 2 days ago, on the 18th, \u00a0I sold a 10 Contract 8\/21\/20 $72 Call to make a Covered Call. This expires tomorrow. I do not think PTON will get to $72 by tomorrow. With the stock up today I just sold another 10 contracts to expire next Friday. This Call gave me a nice premium of $1200.<\/p>\n
Sell to Open 10 PTON 8\/28\/20 $72.00 C @ $1.20 (+$1200)<\/strong><\/p>\n Since the Covered Call I have going involves the 1000 shares I own, this Call I just sold is Naked. It will remain Naked until the end of tomorrows session. If I am right, and PTON does not get to $72 before the close tomorrow, the shares will cover the Call I just sold.<\/p>\n I just wanted to get a jump on next week’s income. With 9 days to expiration for this new Call I was able to get a very nice premium of $1.20. At the moment, and for the next day, this Call will be Naked. This trade will have a Risk Factor 5<\/strong> until the close tomorrow. If, as predicted, I do not get assigned on my current Covered Call, this new Call will become covered and the risk factor will become a 1.<\/p>\n Any questions, send me an email.<\/p>\n Successful trading,<\/p>\n Steve<\/p>\n The Options Coach<\/em><\/p>\n","protected":false},"excerpt":{"rendered":" I own 1000 shares of Peloton (PTON) at $72.25. 2 days ago, on the 18th, \u00a0I sold a 10 Contract 8\/21\/20 $72 Call to make a Covered Call. This expires tomorrow. I do not think PTON will get to $72 by tomorrow. With the stock up today I just sold another 10 contracts to expire […]<\/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-8512","page","type-page","status-publish","hentry"],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/P75MP0-2di","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/8512","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=8512"}],"version-history":[{"count":1,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/8512\/revisions"}],"predecessor-version":[{"id":8513,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/8512\/revisions\/8513"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=8512"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}