Sold Another AMAT Call
I bought 1000 shares of Applied Materials (AMAT) on Wednesday at $115.85 and sold a $116 Call. The stock sold off with everything else but bounced back today. I’m not going to get assigned on the $116 Call so I just sold another Call near the close. I sold 10 AMAT 3/12/21 $117 Calls for the same $1.75 premium for another $1750. Notice, this time I went up on the Strike Price to $117.
Sell to Open 10 AMAT 3/12/21 $117.00 C @ $1.75 (+$1750)
This trade gets a Risk Factor 1.
This was one bad week. I’ll be writing about it later or tomorrow.
Successful trading,
Steve
The Options Coach