{"id":9080,"date":"2020-10-16T15:59:39","date_gmt":"2020-10-16T19:59:39","guid":{"rendered":"http:\/\/www.mainstbeatswallst.com\/?page_id=9080"},"modified":"2020-10-16T15:59:39","modified_gmt":"2020-10-16T19:59:39","slug":"sold-peloton-calls-to-expire-next-week","status":"publish","type":"page","link":"https:\/\/www.mainstbeatswallst.com\/?page_id=9080","title":{"rendered":"Sold Peloton Calls to Expire Next Week"},"content":{"rendered":"<p>Today I have (2) 10 contract Call expiring. One is a $135 Call and the other is a $140 Call.<\/p>\n<p>This morning the stock opened up. My $135 Call was covered and my $140 was Naked. The stock moved up to a high of $139.75 by 10:30am. Because of the way PTON has been moving I got worried that my $140 Call could end up a few dollars In-the-Money for the close. With the stock at $139 I decided to buy another 1000 shares to cover my $140. It turned out to be a bad move. The stock has been moving down for the rest of the day. As I write the stock is at $131. I was worried about getting assigned on my Naked $140, but I&#8217;m not even gonna get assigned on my $135. O well! It goes like that sometimes.<\/p>\n<p>With the close approaching, knowing I&#8217;m not gonna get assigned, I just sold more Calls against the 2000 shares I now own. I sold 10 contracts of the $135, and 10 contracts of the $140 to expire next Friday. I got very nice premiums and I think it will work out well. For the $135 I received a premium of $4.10 for $4100, and for the $140 I received $2.75 for $2750. These premiums give me a great start to next week.<\/p>\n<p style=\"text-align: center;\"><strong>Sell to Open 10 PTON 10\/23\/20 $135.00 C @ $4.10 (+$4100)<\/strong><\/p>\n<p style=\"text-align: center;\">__________<\/p>\n<p style=\"text-align: center;\"><strong>Sell toOpen 10 PTON 10\/23\/20 $140.00 C @ $2.75 (+$2750)<\/strong><\/p>\n<p>I would have been much happier if I was assigned on the 2 Calls this week but sometimes things don&#8217;t work the way you want.<\/p>\n<p>Successful Trading,<\/p>\n<p>Steve<\/p>\n<p><em>The Options Coach<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Today I have (2) 10 contract Call expiring. One is a $135 Call and the other is a $140 Call. This morning the stock opened up. My $135 Call was covered and my $140 was Naked. The stock moved up to a high of $139.75 by 10:30am. Because of the way PTON has been moving [&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-9080","page","type-page","status-publish","hentry"],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/P75MP0-2ms","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/9080","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=9080"}],"version-history":[{"count":1,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/9080\/revisions"}],"predecessor-version":[{"id":9081,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/9080\/revisions\/9081"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=9080"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}