Sold PayPal Calls at the Close

Last week on 9/14 I bought 1000 shares of PayPal (PYPL) at $188.40. As soon as I bought the stock, it started down and I didn’t get a Call sold. And the stock went down for the rest of the week.

Today with a down market PYPL had an up day. About 3 minutes before the close I was filled on a 10 contract Call. I sold 10 9/25/20 $190 Calls for a premium of $1.20.

Sell to Open 10 PYPL 9/25/20 $190.00 C @ $1.20 (+$1200)

I’m happy getting a Call sold with PYPL but I still have a bunch more stocks that are lower than where I bought. Hopefully I’ll get a few more sold tomorrow.

Successful trading,

Steve

The Options Coach