Filled on my INSG Grasshopper Trade

I reported that I bought 300 shares of Inseego (INSG) at $14.35. I was debating on selling a $15 call to expire this Friday, 1/15 or go out a month to the Expiration Date of 2/19.

I decided on the 2/19/21 $15 Call because of the premium. I received a premium of $1.20 for $360.

Sell to Open 3 INSG 2/19/21 $15.00 C @ $1.20 (+$360)

I feel this will be a good Grasshopper trade. The Return on Investment (ROI) is 8.3% for a 1 month position. If I get assigned I make an additional 65¢ on the stock sale for $195. With assignment my total gain will be $555 for a ROI of 12.8%. If assigned this will be a great Grasshopper 1 month trade.

The trade is a Covered Call on a stock I’ve been involved in for a long time. It gets a Risk Factor 1.

Successful trading,

Steve

The Options Coach