This is a Master Trade. I do not think Grasshoppers should be messing around with Churchill Capital (CCIV). I did a Deep In-the-Money Call to try to get assigned and make a quick 2%.
Buy 1000 Shares CCIV @ $24.50
Sell to Open 10 CCIV 6/18/21 $23.50 C @ $1.50 (+$1500)
If this works the way I think it will I’ll profit 2% for the 1 week trade. But I give the trade a Risk Factor 3 because this stock is a “blank check” SPAC.
If assigned I’ll give $1000 back on the stock sale and profit $500.
Successful Trading,
Steve
The Options Coach