I just sold 10 contract Naked Calls with Square (SQ) and Peloton (PTON). I know that sounds crazy, but they are both 5 day trades and $10 Out-of-the-Money. With the huge day today I don’t see them moving at the same pace the rest of the week. I’m in these trades for the premiums only! If we get a stimulus package and the stocks pop more, I have plenty of space ($10) to buy the stocks to cover.<\/p>\n
Square<\/strong><\/p>\n Sell to Open 10 SQ 10\/9\/20 $190.00 C @ $1.60 (+$1600)<\/strong><\/p>\n Peloton<\/strong><\/p>\n Sell to Open 10 PTON 10\/9\/20 $118.00 C @ 80\u00a2 (+$800)\u00a0<\/strong><\/p>\n I think both of these positions will expire without going above their Strike Prices. If they get close I’ll cover with the buying of the stocks.<\/p>\n I’ll be watching these closely. Remember, I also have Covered Calls with these stocks.<\/p>\n Successful trading,<\/p>\n Steve<\/p>\n The Options Coach<\/em><\/p>\n","protected":false},"excerpt":{"rendered":" I just sold 10 contract Naked Calls with Square (SQ) and Peloton (PTON). I know that sounds crazy, but they are both 5 day trades and $10 Out-of-the-Money. With the huge day today I don’t see them moving at the same pace the rest of the week. I’m in these trades for the premiums only! […]<\/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-9003","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\/p75MP0-2ld","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/9003","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=9003"}],"version-history":[{"count":1,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/9003\/revisions"}],"predecessor-version":[{"id":9004,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/9003\/revisions\/9004"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=9003"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=9003"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=9003"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}