{"id":9068,"date":"2020-10-14T11:11:22","date_gmt":"2020-10-14T15:11:22","guid":{"rendered":"http:\/\/www.mainstbeatswallst.com\/?page_id=9068"},"modified":"2020-10-14T11:11:22","modified_gmt":"2020-10-14T15:11:22","slug":"covered-one-of-my-pton-calls","status":"publish","type":"page","link":"https:\/\/www.mainstbeatswallst.com\/?page_id=9068","title":{"rendered":"Covered One of My PTON Calls"},"content":{"rendered":"<p>I have 2 separate 10 contract Naked Calls with Peloton (PTON). I sold a $135 Call and a $140 Call, both Naked. Today the stock is moving up again. In fact it went up above my $135 Strike Price. On a pull back I decided to buy 1000 shares to cover this $135 Call. I placed an order to buy 1000 shares at $132.50 and I was just filled on that order.<\/p>\n<p style=\"text-align: center;\"><strong>Buy 1000 Shares PTON @ $132.50<\/strong><\/p>\n<p>Now I have a 10 contract Covered Call, and a 10 contract Naked Call, with the Strike Price of $140. Both expire in 2 days.<\/p>\n<p>At this point I hope the stock goes above $135 so I get assigned on that Call, but I&#8217;d like it to stay below $140 so I don&#8217;t have to cover this Call and have it expire.<\/p>\n<p>Successful trading,<\/p>\n<p>Steve<\/p>\n<p><em>The Options Coach<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>I have 2 separate 10 contract Naked Calls with Peloton (PTON). I sold a $135 Call and a $140 Call, both Naked. Today the stock is moving up again. In fact it went up above my $135 Strike Price. On a pull back I decided to buy 1000 shares to cover this $135 Call. I [&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-9068","page","type-page","status-publish","hentry"],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/P75MP0-2mg","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/9068","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=9068"}],"version-history":[{"count":1,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/9068\/revisions"}],"predecessor-version":[{"id":9069,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/9068\/revisions\/9069"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=9068"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}