{"id":8923,"date":"2020-09-28T09:53:49","date_gmt":"2020-09-28T13:53:49","guid":{"rendered":"http:\/\/www.mainstbeatswallst.com\/?page_id=8923"},"modified":"2020-09-28T09:53:49","modified_gmt":"2020-09-28T13:53:49","slug":"buy-1000-shares-of-pton-to-cover-my-naked-call","status":"publish","type":"page","link":"https:\/\/www.mainstbeatswallst.com\/?page_id=8923","title":{"rendered":"Buy 1000 Shares of PTON to Cover My Naked Call"},"content":{"rendered":"<p>On 9\/25 I sold 10 contracts of the PTON 10\/2\/20 $96 Calls. This was a Naked Call that gave me a $3 premium for $3000.<\/p>\n<p>This morning with everything up, Peloton is down. With the stock at $96 I placed an order to buy 1000 shares at $95. The stock was fluctuating very quickly between $95.50 and $96.50. I took the shot at $95 and the stock did drop while fluctuating and I was filled at $95. I now have a 10 contract 10\/2\/20 $96 Covered Call where I bought the stock at $95. At this point I love this position.<\/p>\n<p style=\"text-align: center;\"><strong>Buy 1000 Shares PTON @ $95.00<\/strong><\/p>\n<p>This trade now is a<strong> Risk Factor 1<\/strong>. If I get assigned this Friday this Covered Call gives me a $4000 return. A $3000 premium and $1000 profit on the stock sale. If I don&#8217;t get assigned I keep the $3000 premium and keep the 1000 shares of a hot stock.<\/p>\n<p>Successful trading,<\/p>\n<p>Steve<\/p>\n<p><em>The Options Coach<\/em><\/p>\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>On 9\/25 I sold 10 contracts of the PTON 10\/2\/20 $96 Calls. This was a Naked Call that gave me a $3 premium for $3000. This morning with everything up, Peloton is down. With the stock at $96 I placed an order to buy 1000 shares at $95. The stock was fluctuating very quickly between [&hellip;]<\/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-8923","page","type-page","status-publish","hentry"],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/P75MP0-2jV","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/8923","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=8923"}],"version-history":[{"count":1,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/8923\/revisions"}],"predecessor-version":[{"id":8924,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/8923\/revisions\/8924"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=8923"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}