Filled on My Micron Call

I reported earlier that I was trying to get filled on a 10 Contract Call with Micron (MU). I was just filled!

On 6/30/20 I bought 1000 shares of MU at $51.75. I’ve been selling Calls against these shares every week since. Today I entered an order to sell 10 MU 7/24/20 $ $51.50 Calls. I’m in the shares at $51.75 so if I’m assigned I’ll lose 25¢ on the stock sale. I went for the $52 Call but I did not like the premium so I went with the $51.50 Call. For this I got 45¢ for $450. Not the best but I’ll take it. I really don’t mind getting assigned and losing the $250 because I already brought in $2900 in premiums in the last few weeks with these shares. This premium makes it $3350.

Sell to Open 10 MU 7/24/20 $51.50 C @ 45¢ (+$450)

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

Successful trading,

Steve

The Options Coach