{"id":9146,"date":"2020-10-27T11:43:34","date_gmt":"2020-10-27T15:43:34","guid":{"rendered":"http:\/\/www.mainstbeatswallst.com\/?page_id=9146"},"modified":"2020-10-27T11:46:11","modified_gmt":"2020-10-27T15:46:11","slug":"entered-a-2-contract-covered-call-with-zoom","status":"publish","type":"page","link":"https:\/\/www.mainstbeatswallst.com\/?page_id=9146","title":{"rendered":"Entered a 2 Contract Covered Call With Zoom"},"content":{"rendered":"<p>I&#8217;m really trying to curtail my trading going into the election, except, of course, selling Calls on shares I already own.<\/p>\n<p>Well, I have been following Zoom (ZM) and I just got into a position I like and think is safe. The stock opened at $525. It dropped down to the $515 area then started back up. With the stock at $520 I bought 200 shares with the hope it would continue up. At some point I wanted to sell a 2 contract Call for a premium of $15.<\/p>\n<p>As the stock went above $522.50 the premium was at $13.50 for that Strike Price. I placed an order to sell 2 10\/30\/20 $522.50 Calls for the $15 premium. The stock continued up and when the stock hit $525.50 I was filled on my order.<\/p>\n<p>I like the stock, the $522.50 Strike Price, the premium, and the chance of getting assigned. If I get assigned I&#8217;ll make $500 on the stock sale and keep the $3000 premium.<\/p>\n<p style=\"text-align: center;\"><strong>Buy 200 Shares ZM @ $520.00<\/strong><\/p>\n<p style=\"text-align: center;\"><strong>Sell to Open 2 ZM 10\/30\/20 $522.50 C @ $15.00 (+$3000)<\/strong><\/p>\n<p>Zoom being a COVID stock I really don&#8217;t see much risk. However, we do have an election next week. Considering this I give this Covered Call a<strong> Risk Factor 2<\/strong>.<\/p>\n<p>With a horrible start to the week, yesterday, I&#8217;m positioning myself to have a nice week.<\/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&#8217;m really trying to curtail my trading going into the election, except, of course, selling Calls on shares I already own. Well, I have been following Zoom (ZM) and I just got into a position I like and think is safe. The stock opened at $525. It dropped down to the $515 area then started [&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-9146","page","type-page","status-publish","hentry"],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/P75MP0-2nw","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/9146","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=9146"}],"version-history":[{"count":2,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/9146\/revisions"}],"predecessor-version":[{"id":9148,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/9146\/revisions\/9148"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=9146"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}