Another Grasshopper Trade with U.S. Steel

I like U.S. Steel (X) at this price. I bought 100 shares at $23.30 and sold 1 X 4/16/21 $23.50 Call at 50¢ for $50. I thought this was a good 3 day trade for a 2.1% return. If I get assigned I’ll make another 20¢ on the stock sale for $20. Doesn’t sound like much but with assignment I’ll make 70¢ on the 3 day trade. That’s a return of 3%. This can be a very nice Grasshopper Trade.

Buy 100 Shares X @ $23.30

Sell to Open 1 X 4/16/21 $23.50 C @ 50¢ (+$50)

This trade gets a Risk Factor 1.

 

Successful Trading,

Steve

The Options Coach