Sold 10 Draftkings Calls

I own 1000 shares of Draftkings (DKNG) at $63.70. I’ve been in the stock since 10/2/20 and have been selling Calls. Today, with a down mark, DKNG is on the move. I placed an order to sell 10 DKNG 2/26/21 $64 Calls for a premium of $2. While I was looking for other Monday morning deals I was just filled on this order.

Sell to Open 10 DKNG 2/26/21 $64.00 C @ $2.00 (+$2000)

This trade gets a Risk Factor 1.

As I’m writing the stock continues up and the premium is up to $2.50. Oh well! I’ll take the $2000 and be happy. This is over a 3% premium.

I like this stock and I feel it will do well as we get to the other side of COVID.

Successful trading,

Steve

The Options Coach