Peloton, and other COVID stock, have not been moving so well as of late. I did not get Calls sold this week against the 2000 shares of PTON because of the lower premiums with the stock being down. Yesterday, I decided to sell Calls with the Expiration Date going out to next Friday to get a better premium. I sold 10 contracts of the $135 Calls for a premium of $5, and I sold 10 contracts of the $140 Calls for a premium of $3.50. Combined I brought in $8500 in premiums.<\/p>\n
Today with the stock down I just did a “Buy to Close” on both of these Calls to close the positions, and lock in profit. I did this because there is still plenty of time to get more Calls sold to expire next week. I’m hoping the stock rebounds and I get new Calls sold tomorrow or Monday for the original premiums, or more!<\/p>\n
Below are the Calls I sold, and bought, to lock in profit.<\/p>\n
10\/28\/30 \u2013 Sell to Open 10 PTON 11\/6\/20 $135.00 C @ $5.00 (+$5000)<\/strong><\/p>\n 10\/29\/20 \u2013 Buy to Close 10 PTON 11\/6\/20 $135.00 C @ $2.75 (-$2750) <\/strong><\/p>\n 10\/28\/20 \u2013 Sell to Open 10 PTON 11\/6\/20 $140.00 C @ $3.50 (+$3500)<\/strong><\/p>\n 10\/29\/20 \u2013 Buy to Close 10 PTON 11\/6\/20 $140.00 C @ $1.90 (-$1900) <\/strong><\/p>\n Getting out of these positions locked in a profit of $3850. Now I want to see Peloton move back up and I get more Calls sold to expire next Friday. I love taking profit!<\/p>\n If you have any questions on this move send me an email.<\/p>\n Successful trading,<\/p>\n Steve<\/p>\n The Options Coach<\/em><\/p>\n","protected":false},"excerpt":{"rendered":" Peloton, and other COVID stock, have not been moving so well as of late. I did not get Calls sold this week against the 2000 shares of PTON because of the lower premiums with the stock being down. Yesterday, I decided to sell Calls with the Expiration Date going out to next Friday to get […]<\/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-9169","page","type-page","status-publish","hentry"],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/P75MP0-2nT","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/9169","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=9169"}],"version-history":[{"count":1,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/9169\/revisions"}],"predecessor-version":[{"id":9170,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/9169\/revisions\/9170"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=9169"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Profit +$2250<\/strong><\/span><\/h4>\n
\nProfit +$1600<\/strong><\/span><\/h4>\n