Another Grasshopper Trade with MOMO

I bought 200 shares of MOMO on 3/1 at $16.75. I’ve been selling 2 contract Calls for a 40¢ premium. Might not sound like much but this has been a great run of bringing in a 2.3% premium every week. This is what you Grasshoppers must look for. This is the type of trade that will teach you how to trade and it will build your account “slow and steady, steady and slow.”

I was filled on another MOMO trade. I sold 2 MOMO 3/19/21 $17 Calls, this time I got a premium of 45¢. This is a Return on Investment (ROI) of 2.6%. A little better than what I’ve been getting. If I can be happy with these trades so can you!

 

Sell to Open 2 MOMO 3/19/21 $17.00 C @ 45¢ (+$90)

This trade gets a Risk Factor 1.

 

Successful trading,

Steve

The Options Coach