Way back on 1\/11\/21 I bought 100 shares of NIO at $63.75 to do a Covered Call in “The Grasshopper Field.” I went a few weeks selling Calls but then the stock pulled back, along with all the electric vehicle stocks. The last month EV stocks have been charging back. The price of $63.75 was still too high to get a premium so today I bought another 100 shares at $46.85. I now own 200 shares in “The Grasshopper Field” with an average price of $56.80.<\/p>\n
Today I sold a 2 contract Call. Since my buy-in price is now $56.80 I sold 2 NIO 7\/16\/21 $57 Calls for a premium of 60\u00a2.<\/p>\n
<\/p>\n
Buy 200 Shares NIO @ $56.80<\/strong><\/p>\n Sell to Open 2 NIO 7\/16\/21 $57.00 C @ 60\u00a2 (+$120)<\/strong><\/p>\n I removed the 100 shares I owned at $63.75 and now, if I’m not assigned, the shares will be listed in “The Grasshopper Field” with the buying date of \u00a07\/6\/21, and buying \u00a0200 shares at $56.80.<\/p>\n This premium is only 1% for the 2 week option but this is the kind of move I like to make to help things move along in my account.<\/p>\n <\/p>\n Successful trading,<\/p>\n Steve<\/p>\n The Options Coach<\/em><\/p>\n","protected":false},"excerpt":{"rendered":" Way back on 1\/11\/21 I bought 100 shares of NIO at $63.75 to do a Covered Call in “The Grasshopper Field.” I went a few weeks selling Calls but then the stock pulled back, along with all the electric vehicle stocks. The last month EV stocks have been charging back. The price of $63.75 was […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false},"version":2}},"categories":[1],"tags":[],"class_list":["post-11884","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75MP0-35G","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/11884","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"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=11884"}],"version-history":[{"count":1,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/11884\/revisions"}],"predecessor-version":[{"id":11885,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/11884\/revisions\/11885"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11884"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11884"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11884"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}