Sold 1 Tesla Call

I own 300 shares of Tesla (TSLA). 200 shares I bought at $840.75. I have a $845 Call sold against these shares which will expire today at the close. It looked like I wasn’t going to get assigned but the stock started moving today about an hour ago after being down a couple of days. Now it looks like I’ll get assigned.

I also own 100 shares at $857 which were not involved in a Covered Call. With the stock down I thought I was going to wait until Monday to get a Call sold. But with the stock now on the move I just sold a Call. I sold 1 TSLA 22/12/21 $865 Call for a premium of $20 for a $2000 premium.

Sell to Open 1 TSLA 2/12/21 $865.00 C @ $20.00 (+$2000)

If I get assigned on the 200 shares today I’ll decide what to do from here going forward with this stock. I like Tesla but I’m a little concerned with the amount of car makers selling more and more electric vehicles.

Successful trading,

Steve

The Options Coach