2 U.S. Steel Grasshopper Trades at the Close

I had 3 U.S. Steel Grasshopper Covered Calls this week expiring today. Each were 2 contract Calls. With about 15 minutes to go in the trading week I knew I was not going to get assigned on any of the positions. I placed orders to sell the Calls again for next week. I was filled on 2 of the orders.

The 1st one I’m in the 200 shares at $26.08.With the stock at $26.25 I sold 2 X 6/11/21 $26.50 Calls for a premium of 75¢ for $150.

Sell to Open 2 X 6/11/21 $26.50 C @ 75¢ (+$150)

The 2nd one I’m in the stock at $26.50. With the lack of movement with the stock I decided to sell another $26.50 Call. Last week with these shares I sold the $27 Call and wasn’t assigned so I went with the $26.50. I sold 2 X 6/11/21 $26.50 Call for the same 75¢ as the Call above for the same $150.

Sell to Open 2 X 6/11/21 $26.50 C @ 75¢ (+$150)

Both of these Covered Calls are on shares previously own so both get a Risk Factor 1.

Also, both have a return of about 2.7% for the 1 week trade. I’m happy with this trade! I already have a few trades lined up to expire next Friday.

 

Successful trading,

Steve

The Options Coach