Sold a PTON 10 Contract Covered Call

Yesterday I bought 1000 shares of Peloton (PTON) at $63.30. I tried to get a Call sold but I didn’t get filled with the premium I wanted. Now with tomorrow an Expiration Day I placed an order, and got filled, on a Strike Price a little lower. I sold 10 PTON 7/17/20 $63.50 Calls for a premium of $1. I wanted a higher premium but a $1 ($1000) premium for a Call to expire tomorrow is very good. On my $63.30 stock is a Return of 1.5%.

Sell to Open 10 PTON 7/17/20 $63.50 C @ $1.00 (+$1000)

This trade gets a Risk Factor 1. As usual, I hope to get assigned.

Successful trading,

Steve

The Options Coach