I bought 1000 shares of Snap (SNAP) at 57.90 and sold 10 Calls. This trade is a Risk Factor 1.
Buy 500 Shares SNAP @ 57.90
Sell to Open 5 SNAP 4/9/21 $58.00 C @ $1.70 (+$850)
I also sold a 10 contract Call with Peloton (PTON). This is a Naked Call so it gets a Risk Factor 4. As last week I’ll buy the stock if it gets close to my Strike Price.
Sell to Open 10 PTON 4/9/21 $120.00 C @ 45¢ (+$450)
This is a quick post because I’m sitting with my accountant,
Successful trading,
Steve
The Options Coach