Sold a 2 day Tesla Call

On 1/11/21 I bought 200 shares of Tesla (TSLA) at $840.75. I also sold a Call bringing in a $5000 premium. I was not assigned. I was trying to get another Call sold this week but was not filled on a number of occasions.

This morning I placed an order to sell a Call to expire tomorrow, I was just filled. I sold 2 contracts of the TSLA 1/22/21 $860 Call for a premium of $7.50 for $1500.

Sell to Open 2 TSLA 1/22/21 $860.00 C @ $7.50 (+$1500)

I felt this was a good premium for an option that expires tomorrow. It’s a little under a 1% return but the way Tesla has been moving this week I think it can be a quick $1500 and possibly keep my stock. I really don’t care if I get assigned or not. If I don’t I try to sell another Call for next week.

This is a Covered Call on previously owned stock so it gets a Risk Factor 1.

Successful trading,

Steve

The Options Coach