Filled on Trades With NVDA & WKHS

I just entered a Buy-Write with Nvidia (NVDA). I bought 200 shares of the stock at $529 and sold 2 contracts of the NVDA 12/18/20 $530 Calls for a premium of $8 for $1600.

Buy 200 Shares NVDA @ $529.00

Sell to Open 2 NVDA 12/18/20 $530.00 C @ $8.00 (+$1600)

I like NVDA, even at this price. With the vaccine rolling out I think I’ll get assigned. I think it will move up a bit more. I give this trade a Risk Factor 1.

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I bought 1000 shares of Workhorse (WKHS) on 12/3 at $21.80. I already sold Calls 2 weeks in a row bringing in a total of $1800 in premiums. Remember, this is a $20 stock! Workhorse is a great stock for Grasshoppers to mess around with. I just sold another Call. I sold 10 WKHS 12/18/20 $22 Calls for a 80¢ premium for another $800.

Sell to Open 10 WKHS 12/18/20 $22.00 C @ 80¢ (+$800)

This trade is a Covered Call on previously owned stock. It gets a Risk Factor 1. This trade gives me a Return on Investment (ROI) of 3.6%. This is a 1 week trade! I think WKHS at this price is a great Grasshopper trade. You can buy 100 shares and sell 1 contract, you can buy 500 shares and sell 5 contracts, or do what I did, buy 1000 shares and sell 10 contracts. In all situations you would bring in a ROI of 3.6%. As a new trader, or someone with a smaller account you must work on the ROI. Doing this your account will grow.

Successful trading,

Steve

The Options Coach