Today I made Moves With Apple, Peloton & Zoom
I made a few trades today. I placed the orders, was filled, and I’m just getting to report them now. I’ve had a busy day!
With Apple bouncing back and up $4 today I sold a Call against my shares. I’m in the stock at $117.50 and I sold the $118 Calls. I sold 10 contracts of the AAPL 11/6/20 $118 Calls for a small premium of 25¢. I was filled when the stock was up$2. I just wanted to take in something for business expenses. I like Apple but if I get assigned, no problem!
Sell to Open 10 AAPL 11/6/20 $118.00 C @ 25¢ (+$250)
Peloton is also on the move today. I have 2000 shares. 1000 at $152.50 and 1000 at $139. I was filled on a Call against my $139 shares. I sold 10 Contracts of the PTON 11/6/20 $139 Calls for a premium of 60¢ for $600.
Sell to Open 10 PTON 11/6/20 $139.00 C @ 60¢ (+$600)
I’m still trying to get filled on a Call against my $132.50 shares.
I made a few moves with Zoom. I hope I’m clear when I write about them.
I owned 300 shares of Zoom. 200 at $520 and 100 at $518. I sold Calls against all the shares for a premium of $1.50. I sold 3 ZM 11/6/20 Calls for a premium of $1.50 for $450.
Today I decided to lower my average cost with the buying of another 100 shares at $474. I now own 400 shares of ZM at the average price of $508.
With Time Decay working on my $1.50 premium I did a “Buy to Close” of my $520 Call at 80¢. This was a day trade!
11/4/20 – Sell to Open 3 ZM 11/6/20 $520.00 C @ $1.50 (+$450)
11/4/20 – Buy to Close 2 ZM 11/6/20 $520.00 C @ 80¢ (-$240)
Profit $210
At this point I had these 300 shares free and I bought the another 100 shares. Against the 400 shares that I own at $508 I sold 4 ZM 11/6/20 $510 Calls for a premium of $1.60 for a total premium of $640
Sell to Open 4 ZM 11/6/20 $510.00 C @ $1.60 (+$640)
I hope these Zoom trades make sense. The bottom line is I now own 400 shares of Zoom at $508. And I sold a Call against them.
Successful trading,
Steve
The Options Coach