Filled on a PTON Call, Bought Another TSLA LEAPS

I’ve been involved in Peloton for a few months now, and brought in a ton of premiums. I own 1000 shares at $72.25. Last week the stock took a break from it’s big run and it’s the 1st week in many where I didn’t get a Call sold. Today the stock is back on the move, up $3.

With the stock at $68 and change, I was just filled on 10 contracts of the 8/21/20 $72 Call for a premium of 50¢.  It’s not the normal premium, but I’m happy I got a Call sold and being back in the PTON game.

Sell to Open 10 PTON 8/21/20 $72.00 C @ 50¢ (+$500) 

I own the stock at $72.25 and sold the $72 Call. If I get assigned I’ll lose 25¢ on the stock sale. No problem! I brought in a lot of money with PTON. Like I said, I’m happy being back in the game.

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You might be watching Tesla. It’s moving up every day as a result of the announcement of the 5:1 stock split. Last Friday I bought a 1 contract LEAPS and sold it yesterday for a $7500 gain. Yesterday I also bought another LEAPS. As of today it’s already up $5000.  This morning I bought another contract. With all these Calls I’m using the 1/15/21 Strike Price.

Buy to Open 1 TSLA 1/15/21 $1900.00 C @ 345.00 (Delta .58)

Successful trading,

Steve

The Options Coach