Sold More Peloton Calls
I bought 4000 shares of Peloton at $134.12. Friday I sold a 40 contract Call bringing in a $19,000 premium.
I also own an additional 1000 shares of PTON at $167.30. Last week I sold a $170 Call and was not assigned. Today I sold another 10 contract Call against these 1000 shares. I sold 10 PTON 2/5/21 $170 Calls for a premium of $2.10 for $2100.
Sell to Open 10 PTON 2/5/21 $170.00 C @ $2.10 (+$2100)
This should be an interesting week for Peloton. This coming Thursday they announce earnings. With the COVID pandemic I’m expecting a good report. I wouldn’t mind getting assigned on all my shares. 4000 at $157.50 and these 1000 shares at $170. Lets watch and see what happens.
This trade gets a Risk Factor 1.
As I was writing this report on Peloton I was just filled on another order. I had an order in to sell 2 Tesla Calls. On 1/11 I bought 200 shares of Tesla at $840.75. I’ve been selling Calls against these shares and I was just filled on another. I sold 2 TSLA 2/5/21 $845 Calls for a premium of $12 for $2400.
Sell to Open 2 TSLA 2/5/21 $145.00 C @ $12.00 (+$2400)
Tesla just received a raise in their price target to $1200. Crazy!
This trade also gets a Risk Factor 1.
Successful trading,
Steve
The Options Coach