Sold More Ford Calls

On 11/9/21 I bought 1000 Shares of Ford (F) at $20 per share. I sold 10 Calls and wrote a post on my thoughts of this trade. The post was titled Grasshopper Trade and Message. This trade brought me a premium of 70¢ for $700. This trade expired on 11/12 without assignment. I then sold Calls expiring on 11/19 for a premium of $350 and another expiring on 11/26 for a premium of $400.

To date I still haven’t been assigned. Today with the stock at $19.85 I sold another 10 contracts for a premium of 35¢ for $350. So far I brought in a total of $1800 on 1000 shares of a $20 stock. The week I have a feeling I’ll get assigned. If I do, I will not make anything on the stock sale because I’ve been selling At-the-Money Calls, but my return is 9% in less than a month. Today’s trade is a return of 1.75%. Exactly what I look for with a 1 week trade.

 

Sell to Open 10 F 12/3/21 $20.00 C @ 35¢ (+$350)

 

This has been a low risk series of trades and today’s trade is the same. I give this trade a Risk Factor 1.

 

Successful trading,

Steve

The Options Coach