Sold NVDA & MU Calls

This morning I had a few young people over the house for a Monday morning trading session. Since I was trading and talking to the students about options I didn’t get to report these trades.

I was filled on the 2 trades I’m reporting now at about 10am. I’m just now getting the chance to write.

I sold a 1 contract Call on Nvidia (NVDA) against shares I bought at the close of the market on Friday. I bought 100 shares at $407.60. I sold a 1 contract 7/31/20 $$410 Call for a premium of $11. This is a very nice premium for $1100.

Sell to Open 1 NVDA 7/31/20 $410.00 C @ $11.00 (+$1100)

This is a great stock so it gets a Risk Factor 1.

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I bought 1000 shares of Micron (MU) bacon 6/30. I’ve been selling Calls every week. Today I was filled on another Call I’m very happy with. I sold 10 MU 7/31/20 $52 Call for a 75¢ premium.

Sell to Open 10 MU 7/31/20 $52.00 C @ 75¢ (+$750)

This is another Covered Call on a great stock. This also gets a Risk Factor 1.

I’m still trying to get Calls sold on stocks I own that I wasn’t’t assigned on last week. These stocks are Draftkings, Peloton and United Airlines. I let you know as soon as I’m filled.

Successful Trading,

Steve

The Options Coach