Sold a PENN Call at the Close

I own 1000 shares of Penn Gaming (PENN) at $111. This week I sold a 10 contract $111 Call which expires in a few minutes. It’s clear I’m not going to get assigned so I just sold another Call against these shares to expire next week. I sold 10 PENN 4/9/21 $112 Call for a premium of $2.10 for $2100.

 

Sell to Open 10 PENN 4/9/21 $112.00 C @ $2.10 (+$2100)

 

This trade gets a Risk Factor 1. This premiums a 1.89% return for the 1 week trade.

 

Successful trading,

Steve

The Options Coach