Sold a Peloton Call

I own 1000 shares of Peloton (PTON) at $68.50. The stock is down a bit from that and I don’t like the premiums for this week. I just sold a 10 contract Call to expire next week. I sold 10 PTON 7/24/20 $69 Calls for a $1.10 premium.

Sell to Open 10 PTON 7/24/20 $69.00 C @ $1.10 (+$1100)

This trade gets a Risk Factor 1.

This Covered Call is not as nice as the trade in the last few weeks but It’s still a 1.6% return.

Successful trading,

Steve

The Options Coach