Sold 1 NVDA Call

Earlier I posted that I bought 100 Shares of Nvidia (NVDA) at $404.75. I was waiting until the stock went up a little before I sold a Call. I was just filled on the Call I wanted. With the stock up in the $408 area I was filled on a 1 contract 7/17/20 $410 Call for a premium of $8. I also included the stock buying form that I posted earlier.

7/14/20 – Buy 100 Shares NVDA @ $404.75

7/14/20 – Sell to Open 1 NVDA 7/17/20 $410.00 C @ $8.00 (+$800)

This $8 premium is a 2% return on my investment. If I get assigned I’ll bring in another $525. This is a Covered Call on a very good stock so I give it a Risk Factor 1.

Successful trading,

Steve

The Options Coach