A Few Trades to Report

After Friday’s Expiration Day I was not assigned on a bunch of my stock holdings involved in Covered Calls. This is a shortened trading week because of the 4th of July holiday, between the shortened week and the fact that my stock holdings are below where I bought, it’s tough to get a good premium. Having said that, I was filled on 2 Call positions and I bought 1000 shares of Peloton (PTON).

I was filled on the selling of an Apple (AAPL) 1 contract Call. I sold 1 contract of the AAPL 7/2/20 $355 Call for a premium of $6 for $600.

Sell to Open 1 AAPL 7/2/20 $355.00 C @ $6.00 (+$600)

This is a Covered Call on a very good stock. This trade gets a Risk Factor 1.

I was also filled on selling 10 Contracts of the Nutanix (NTNX) 7/2/20 $23 Calls. I’m in this stock at $23.65. If I get assigned I’ll lose 65¢ on assignment. I did this to get a nice premium of 50¢. And I already sold Calls on these shares 3 times so I’m ahead of the game with this stock. With this Covered Call I would rather not get assigned. A 65¢ loss would be $650 on the 1000 shares.

Sell to Open 10 NTNX 7/2/20 $23.00 C @ 50¢ (+$500) 

This is a Covered Call on previously owned stock, but if I get assigned I will give back some of the profit I built up the last few weeks. I will still be ahead on this stock position but I’ll give this a Risk Factor 2.

I also bought 1000 shares of PTON and I’m trying to get filled on a $57 Call for a $2 premium. The stock is not moving well today so I might have to wait until tomorrow to try again. I really want the $2.

Buy 1000 Shares PTON @ $56.57

Successful trading,

Steve

The Options Coach