Sold a UAL Call

I bought 500 Shares of United Airlines (UAL) on 6/15 at $36.50. At that time I also sold a Call. I was not assigned!

This week, with the stock down, I wasn’t able to get a Call sold. Today the stock is up and I was just able to get a Call sold for a premium I like, but it will expire next Friday. I sold 5 UAL 7/2/20 $37 Calls for a $1 premium.

Sell to Open 5 UAL 7/2/20 $37.00 C @$1.00 (+$500)

This premium is a Return on Investment (ROI) of 2.7% for an 8 day trade. I like it! This is a Covered Call on previously owned stock so the trade gets a Risk Factor 1.

Successful trading,

Steve

The Options Coach