I’ve own 1000 shares of Nvidia (NVDA) at $553.85 since 9\/1. As you know, I’ve been selling Calls and bringing in big premiums. With the recent market pull back NVDA also dropped back. Today NVDA is up over $17 and I was able to get another Call sold.<\/p>\n
With the stock well below where I bought in, earlier I placed an order to sell 10 contracts of the NVDA $555 Calls to expire this Friday. I placed the order with a premium of $1.40 then I went out to vote. I got home after the market closed and I noticed I was filled on the order. The $1.40 is much lower than what I’ve been receiving but that’s the way it goes when your stock drops back. I picked the Strike Price of $555 in the case the stock moves up big after the election. I didn’t want to use a lower Strike Price and possibly get assigned and lose money on the assignment. When I placed the order the stock was around the $552 area. Believe it or not, this stock can easily move $30 before Friday. I didn’t want to hold the stock going into the election but I wasn’t assigned on past Calls. I figured if I own the stock I might as well bring in a premium.<\/p>\n
Sell to Open 10 NVDA 11\/6\/20 $555.00 C @ $1.40 (+$1400) <\/strong><\/p>\n My recent premiums were much higher, but I take the $1400.<\/p>\n This election season was a wild one! Let’s hope, with the election behind us, the market is happy getting rid of the uncertainty. I hope when the results come out you are happy.<\/p>\n Successful trading,<\/p>\n Steve<\/p>\n The Options Coach<\/em><\/p>\n","protected":false},"excerpt":{"rendered":" I’ve own 1000 shares of Nvidia (NVDA) at $553.85 since 9\/1. As you know, I’ve been selling Calls and bringing in big premiums. With the recent market pull back NVDA also dropped back. Today NVDA is up over $17 and I was able to get another Call sold. With the stock well below where I […]<\/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-9205","page","type-page","status-publish","hentry"],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/P75MP0-2ot","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/9205","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=9205"}],"version-history":[{"count":2,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/9205\/revisions"}],"predecessor-version":[{"id":9208,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/9205\/revisions\/9208"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=9205"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}