Sold Another Ford Call
The market is moving today and my account is recovering nicely.
For those following my string of Ford (F) trades I just sold another 10 contract Call. I bought 1000 shares of the stock on 11/9 and I just sold my 5th Call. When I first got into F I wrote I felt it would have been a good Grasshopper Trade. I bought the stock at $20 and I sold today’s Call with the stock at $19.75. With the stocks on the move I might get assigned this week.
Sell to Open 10 F 12/10/21 $20.00 C @ 25¢ (+$250)
This is a 4 day Call and I received a premium of 1.25%. This trade gets a Risk Factor 1.
On 12/1 I bought 500 shares of Paypal (PYPL) at $187.50. When I bought the shares I also sold a 5 contract Call. With the market moving down I was not assigned. Today I sold another 5 contract Call. The fintechs are starting to move today, and I think it’s only the beginning. With the stock completely recovered, and in the $190 area, I just sold 5 contracts with the Strike Price of $195. This is a 4 day Call and I received a premium of $1.20 for $600.
Sell to Open 5 PYPL 12/10/21 $195.00 C @ $1.20 (+$600)
This trade also gets a Risk Factor 1.
I’ve been writing about PYPL, SQ and GPN. They’re all up big today and I feel they will be going higher. Do your homework!
Successful trading,
Steve
The Options Coach