Calls Sold With DKNG, PTON and UAL

If you read my “Results Week Ending 7/17/20” you saw that I was happy my account brought in $9000 in premiums for the week. You also saw I was not happy that even though I brought in these premiums my account was down. My account was down because I was not assigned on most of my stock because the stock were down from where I bought them.

As I write to report Calls I sold this morning my account is back up. It’s up $10,000 today. All the stock I was not assigned on are up today. Even with the DOW down! And with my stock up I was able to get new Calls sold to expire this Friday. So Far I was filled on 10 contracts of Draftking (DKNG), 10 contracts of Peloton (PTON) and 5 contracts of United Airlines (UAL). I’m still waiting to get filled on 1 contract of Nvidia (NVDA) and 10 contracts of Micron (MU).

I was just filled on my 1 contract of NVDA! Live trading as I write.

Let me list the trades:

Sell to Open 10 DKNG 7/24/20 $36.00 C @ $2.00 (+$2000)

This is a 5.5% ROI

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Sell to Open 10 PTON 7/24/20 $64.00 C @ $1.20 (+$1200)

This is a 1.9% ROI

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Sell to Open 5 UAL 7/24/20 $37.00 C @ 80¢ (+$400)

This is a 2.2%ROI

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Sell to Open 1 NVDA 7/24/20 $407.50 C @ $10.00 (+$1000)

This is a 2.4% ROI

All of these trades are a Risk Factor 1. They are all Covered Calls on previously owned stock. These are shares I was nor assigned on last week. I already brought in nice premiums on all of them.

I’m still waiting to get filled on my MU Call.

After I sold the Call on PTON the stock took off. As I write it’s up $5.25 or 9%. If I waited a little longer I would have gotten a much larger premium. That’s the way it goes sometimes. You cannot let it bother you. I’m happy with the $1200 premium I got. Now the higher it goes the better chance I have to get assigned.

Successful trading,

Steve

The Options Coach