Today, another high flying Monday is making it tempting to break my election strategy. I will stay strong!<\/p>\n
While listening to the Amy Coney Barrett confirmation hearing makes it a little difficult to concentrate on trading but I was filled on 3 trades I entered. I entered trades to sell Calls with Peloton (PTON), Apple (AAPL) and Nvidia (NVDA). PTON was a Naked Call and AAPL and NVDA were Covered Calls. I was filled with all 3.<\/p>\n
On Friday I was assigned on 3000 shares of PTON which were part of my Triple Play Hedge. In my report I said I was gonna leave this money idle until after the election, which I will. However, With the stock at $126 I did enter a trade to sell 10 contracts of the PTON 10\/16\/20 $135 Naked Call. I didn’t want to buy the stock but I want to bring in some premiums. I went out $9 with the Strike Price for protection. I hope the stock stays below my Strike of $135 and I never have to buy the stock to cover. If the stock continues on it’s crazy run I will buy and make this position a Covered Call.<\/p>\n
Sell to Open 10 PTON 10\/16\/20 $135.00 C @ 85\u00a2 (+$850)<\/strong><\/p>\n My portfolio holds 1300 shares of Apple. 300 shares I want to keep, and I’ve been selling Calls on the other 1000 shares. Today I sold 10 contracts of the AAPL 10\/16\/20 $125 Call for a premium of $1.10 for $1100. To tell you the truth I really don’t care if I get assigned or not. I love AAPL!<\/p>\n Sell to Open 10 AAPL 10\/16\/20 $125.00 C @ $1.10 (+$1100)<\/strong><\/p>\n I also own 1000 shares of NVDA at $553.85. I’ve been selling Calls and bringing in great premiums. Today I sold another Call which might be my biggest premium so far. I sold 10 NVDA 10\/16\/20 $565 Calls for a premium of $10 for a whopping $10,000 premium.<\/p>\n Sell to Open 10 NVDA 10\/16\/20 $565.00 C @ $10.00 (+$10,000)<\/strong><\/p>\n My PTON Naked Call is on a very hot stock so I’ll give it a Risk Factor 4<\/strong> because it’s $9 Out-of-the-Money.<\/p>\n AAPL and NVDA are Calls on previously owned stock so these trades get a Risk Factor 1<\/strong>.<\/p>\n I know it’s only Monday but I think these trades are the making of a very nice week.<\/p>\n Successful trading,<\/p>\n Steve<\/p>\n The Options Coach<\/em><\/p>\n\n\n\n\n\n\n <\/p>\n","protected":false},"excerpt":{"rendered":" Today, another high flying Monday is making it tempting to break my election strategy. I will stay strong! While listening to the Amy Coney Barrett confirmation hearing makes it a little difficult to concentrate on trading but I was filled on 3 trades I entered. I entered trades to sell Calls with Peloton (PTON), Apple […]<\/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-9055","page","type-page","status-publish","hentry"],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/P75MP0-2m3","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/9055","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=9055"}],"version-history":[{"count":1,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/9055\/revisions"}],"predecessor-version":[{"id":9056,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/9055\/revisions\/9056"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=9055"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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