Sold 2 NVDA Calls

On 5/19 I bought 200 shares of Nvidia (NVDA) at $361. I sold a Call and wasn’t assigned. I was trying to get another Call sold this week but NVDA was down. Today it’s up a little and I was just filled on a 2 contract 6/5/20 $362.50 Call. I received a premium of $1.50 for $300. It’s not the best premium for a high priced stock, but it expires tomorrow and I brought in $300. If it makes a move today or tomorrow and I get assigned I’ll make another $1.50 on the stock sale for another $300. This trade get’s a Risk Factor 1.

5/19/20 – Buy 200 Shares NVDA @ $361.00

6/4/20 – Sell to Open 2 NVDA 6/5/20 $362.50 C @ $1.50 (+$300)

Tomorrow is Expiration Day for most of my position. A lot can happen in the next day but it’s looking like I’ll have another nice week… Hope I didn’t speak too soon lol.

Successful Trading,

Steve

The Options Coach