Sold a 3 Contract Call on Square

On 4/15 I bought 300 shares of Square (SQ) at $266.75 and sold a $267.50 Call. This Call expired without assignment because the stock had a big sell off. Today the stock is rebounding and it’s up over $9. I had an order in to sell 3 4/30/21 $267.50 Calls for a premium of $2. I was just filled for the $600 premium.

 

Sell to Open 3 SQ 4/30/21 $267.50 C @ $2.00 (+$600)

This trade gets a Risk Factor 1.

The markets continue with it’s crazy ways. As I write the DOW is down 60 and the NASDAQ is up 100. But I love the day because my account is up big. Bringing in 10K in premiums this week will be a challenge but if it continues like this, with some good earnings reports, it can be a very nice week. It’s a good start anyway!

 

I have a bunch of emails to answer. I’ll get to them as soon as possible.

 

Successful trading,

Steve

The Options Coach