10 Contract Apple Buy-Write

I feel this is a very safe trade and will work out great for me.

I bought 1000 shares of Apple (AAPL) at $117.50 and sold a 4 day Call. I sold 10 contracts of the AAPL 9/18/20 $120 Call for a premium of $1.60 for a total premium of $1600.

Buy 1000 Shares AAPL @ $117.50

Sell to Open 10 AAPL 9/18.20 $120.00 C @ $1.60 (+$1600)

This Covered Call is with the best stock in the world. Getting the stock at $117.50 and receiving a $1.60 premium gives me a return of 1.3% for the premium only. You know this is a 4 day return! This trade fits into my “1 Week/1%” strategy. If I don’t get assigned I keep my 1.3% return. If I do get assigned, I keep the 1.3%, plus I make $2500 on the stock sale. If that happens my return will be 3.4%. You can get a lot of great opportunities being an options trader but this kind of trade is what I live for. This will be a winner!

Successful trading,

Steve

The Options Coach