Quite often I write about making trades to get started on “next week’s” income. Well, I really had a killer year, and I wouldn’t mind not making any more money this year. Don’t get me wrong, I’ll still be making trades selling Covered Calls on stock I already own. Or if I see a great deal I’ll take advantage of it. And I don’t want to lose money. But I’m gonna start working on next year. With less than 3 weeks remaining to 2020 I’m gonna start working on next year’s income instead of building on 2020’s income. I think my tax bill is large enough for this year. With this in mind I just made a trade to expire on 1\/15\/21.<\/p>\n
I own 2000 shares of Peloton at $135.75. I have a 20 contract Covered Call going that will expire on 12\/24\/20. This Call gave me a premium of $4300. Even though PTON is on a run today I don’t think it will get to my $135 Strike Price by 12\/24\/20. As I write the stock is at $123. If it gets close I’ll buy another 2000 shares to deliver at my $135 Strike Price because I just sold another 20 contract Call to expire on 1\/15\/21. If I don’t have to buy the 2000 shares to deliver the shares I own now will cover the Call I just sold. I sold 20 contracts of the PTON 1\/15\/21 $140 Calls for a premium of $3.85 for $7700.<\/p>\n
Sell 20 PTON 1\/15\/21 $140.00 C @ $3.85 (+$7700)<\/strong><\/p>\n This will be a great start to 2021. At the moment this is a Naked Call, but it’s $17 Out-of-the-Money and will be covered as soon as the Call position I have going until next Friday expires. Until that Call expires this trade I just made gets a Risk Factor 3<\/strong>.<\/p>\n If you have a question on this trade or any other trade I made today send me an email.<\/p>\n Successful trading,<\/p>\n Steve<\/p>\n The Options Coach<\/em><\/p>\n","protected":false},"excerpt":{"rendered":" Quite often I write about making trades to get started on “next week’s” income. Well, I really had a killer year, and I wouldn’t mind not making any more money this year. Don’t get me wrong, I’ll still be making trades selling Covered Calls on stock I already own. Or if I see a great […]<\/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-9581","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\/p75MP0-2ux","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/9581","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=9581"}],"version-history":[{"count":1,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/9581\/revisions"}],"predecessor-version":[{"id":9582,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/9581\/revisions\/9582"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=9581"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=9581"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=9581"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}