Sold 2 Tesla Calls Going Into the Close
On 1/11 I bought 200 shares of Tesla and I’ve been selling Calls. I sold $860 Calls two week in a row without being assigned. The Call expiring today also will not get assigned.
The premiums for Tesla are very nice so I just sold another 2 contract Call against the same 200 shares. I sold 2 TSLA 1/29/21 $860 Calls for a premium of $29 for $5800.
Sell to Open 2 TSLA 1/29/21 $860.00 C @ $29.00 (+$5800)
This is a Risk Factor 1.
Are you watching Palantir? It’s on a crazy run. I don’t think it will continue next week. With the stock at $30.50 I sold 10 PLTR 1/29/21 $33 Naked Calls.
Sell to Open 10 PLTR 1/29/21 $33.00 C @ $1.00 (+$1000)
After I sold this Call the stock continued up. As I write the stock is at $32.40. I hope I didn’t make a mistake! This trade is a Naked and it gets a Risk Factor 5.
Successful trading,
Steve
The Options Coach