Filled on Another NVDA 10 Contract Call

I bought 1000 Shares of Nvidia (NVDA) on 9/1 at $553.85. Yesterday I sold a 10 Call and an hour later I did a “Buy to Close” with a $4300 profit. 

I was just filled on selling another 10 Call. I sold 10 NVDA 9/18/20 $555 Call for a premium of $3. This gave me $3000. 

Sell to Open 10 NVDA 9/18/20 $555.00 C @ $3.00 (+$3000)

This trade did not give me the 1% I look for but I already made $4300 with NVDA this week. Another reason why the premium is a little low is when I was filled the stock was at $526 and my Strike Price is $555. The stock is down a little from where I bought because of last week’s pullback.

This trade is a Covered Call on a very stock, and it’s on previously owned stock, so it gets a Risk Factor 1

Successful Trading,

Steve

The Options Coach