I just bought 200 Shares of 3D Systems (DDD) at $29.50 and sold 2 6/18/21 $29.50 Calls for a premium of $1.25.
Buy 200 Shares DDD @ $29.50
Sell to Open 2 DDD 6/18/21 $29.50 C @ $1.25 (+$250)
I could have went with the $30 Call because I think the stock is going to move a little, it has pretty high option active. But I want to get assigned so I picked the lower Strike Price. I really want to get assigned because this stock only has monthly options and I don’t want to go another round. I’d like to move on.
Successful trading,
Steve
The Options Coach