I previously owned 2000 shares of Peloton (PTON) since 10\/14. I have a 20 contract Call sold against these shares with the Strike Price of $135. These Calls will expire on 12\/24.<\/p>\n
In anticipation of not getting assigned on these shares I sold another 20 contract Call on PTON to expire 1\/15. At the moment, and until 12\/24, this 2nd 20 contract Call will be Naked.<\/p>\n
Yesterday PTON was on a big run with the COVID lockdowns getting widespread. The stock opened at $118 and went up to a high of just under $125.<\/p>\n
With the market nearing the close, and the stock still moving up, I had to leave my home and computer to get to my first physical therapy session on my shoulder. Yes, only 3 days after surgery I had to start working my shoulder. seems a little soon but I must follow my doctor’s orders.<\/p>\n
Before I left I felt PTON would pull back into the close. I like the stock at this level so I decided to get in a little deeper if the stock pulled back. I placed an order to buy another 1000 shares at $124 if the stock dropped down to that level. When I returned home I noticed I was filled on my order. But to my surprise the stock dropped a little more than I thought it would. PTON closed at $121.91.<\/p>\n
Buy 1000 Shares PTON @ $124.00<\/strong><\/p>\n I’m not really worried about this stock. I think it will continue to move a while longer. I might sell a Call on these shares, or I might just hold to see how the stock moves until my 12\/24 Calls expire.<\/p>\n Successful trading,<\/p>\n Steve<\/p>\n The Options Coach<\/em><\/p>\n","protected":false},"excerpt":{"rendered":" I previously owned 2000 shares of Peloton (PTON) since 10\/14. I have a 20 contract Call sold against these shares with the Strike Price of $135. These Calls will expire on 12\/24. In anticipation of not getting assigned on these shares I sold another 20 contract Call on PTON to expire 1\/15. At the moment, […]<\/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-9584","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\/p75MP0-2uA","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/9584","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=9584"}],"version-history":[{"count":1,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/9584\/revisions"}],"predecessor-version":[{"id":9585,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/9584\/revisions\/9585"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=9584"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=9584"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=9584"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}