On 12\/3 Bought 1000 shares of Workhorse (WKHS) at $21.80. For 3 weeks in a row I sold Calls bringing in premiums of $800, $1000 & $800 respectively. I was not assigned on any of these weeks. Today the stock is popping a bit. As I write the stock is up $2. I just sold another 10 contract Call. I might have jumped the gun a bit because the stock is still moving up.<\/p>\n
With this Call I went out to next year, I used the 1\/8\/21 Expiration. I also went up on the Strike Price. With all of the past Calls I used the Strike of $22. With this one I went to $24. This Call will expire in 18 days.<\/p>\n
Sell to Open 10 WKHS 1\/8\/21 $24.00 C @ $1.10 (+$1100)<\/strong><\/p>\n With a higher Strike Price you get less of a premium, but going out in time with the Expiration Date brings the premium up. I settled on a premium of $1.10 for $1100.<\/p>\n Moving the Expiration out to 1\/8\/21 will help me with taxes. I had such a crazy good year, for the remainder of this year I’ll be making trades thinking of taxes. In April I’m gonna get hit with a big bill. Moving the Expiration Date to 1\/8\/21 moves the profit of the trade to next year where I might not have as good a year. To tell you the truth, when it comes to the premium I’m not sure if that will be credited to this year or next. But if assigned, the profit on the stock sale will definitely go toward next year. I will check with my accountant about the premium.<\/p>\n This trade gets a Risk Factor 1<\/strong>.<\/p>\n Peloton is up big today on the news of them buying another gym equipment company, Precor. This will make Peloton more of a leader in the field. As you might know I own 4000 shares of the stock with Calls sold. With these positions I’ll be making a lot of money. Again, thinking about taxes I’m working on a big move with Peloton. I’m working on it now. If I make it I’ll be removing the Peloton 20 contract Call that expires this Friday from this week’s totals. I will be writing a full report on the move and why I’m making it.<\/p>\n Successful trading,<\/p>\n Steve<\/p>\n The Options Coach<\/em><\/p>\n","protected":false},"excerpt":{"rendered":" On 12\/3 Bought 1000 shares of Workhorse (WKHS) at $21.80. For 3 weeks in a row I sold Calls bringing in premiums of $800, $1000 & $800 respectively. I was not assigned on any of these weeks. Today the stock is popping a bit. As I write the stock is up $2. I just sold […]<\/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-9656","page","type-page","status-publish","hentry"],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/P75MP0-2vK","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/9656","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=9656"}],"version-history":[{"count":1,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/9656\/revisions"}],"predecessor-version":[{"id":9657,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/9656\/revisions\/9657"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=9656"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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