Filled on my AMAT Call

Yesterday I bought 1000 shares of Applied Materials (AMAT) at $124.80. I tried to get a 10 contract Call sold with a $2.50 premium but was never filled.

This morning the NASDAQ is down again. Not knowing where the stock may go I placed the order again but this time I went with a $2.25 premium. This is a short week and I really wanted to bring in the premium. The stock shot up, even with the NASDAQ moving down, and I was filled at $2.25. It turns out I would have been filled at $2.50 but I’m happy getting the $2250.

Sell to Open 10 AMAT 4/1/21 $126.00 C @ $2.25 (+$2250)

 

This premium is a 1.8% return. If I get assigned I’ll make $1200 on the stock sale in addition to the $2250 premium for a total of $3450. This trade fits into my “1 Week/1%” strategy. This trade gets a Risk Factor 1.

My weekly goal is $10,000. For the first time this year it doesn’t look good. Between the NASDAQ moving down every day, and this being a short week, It doesn’t look good right now, but down count me out!

I would like to welcome the new readers. We had a bunch join us this week. Please read the entire site and monitor all posts. If you have any questions send me an email.

 

Successful trading,

Steve

The Options Coach