Filled on Another PTON Call

I mentioned in an earlier post that I had 1000 more shares of Peloton and I placed an order to sell a 10 contract Call. I was just filled. I bought these shares at $167.30 and I sold 10 contracts of the 1/29/21 $170 Calls for a premium of $1.60 for $1600.

Sell to Open 10 PTON 1/29/21 $170.00 C @ $1.60 (+$1600)

I now own 5000 shares and have 50 contracts sold. I’ll watch the stock closely. I might sell a few Naked Calls tomorrow. I like the Naked Calls to hedge against the stock going down.

Successful,

Steve

The Options Coach