I made 2 option trades with shares previously owned. I bought 200 shares of Palantir (PLTR) yesterday but couldn’t get a Call sold with the premium I wanted. Today I settled on a 55¢ premium. This is a return of 2.2%.
Palantir
6/14/21 – Buy 200 PLTR @ $25.00
6/15/21 – Sell to Open 2 PLTR 6/18/21 $25.50 C @ 55¢ (+$110)
I bought 100 shares of OXY on 6/3, sold a Call, and today I got another Call sold. With this Call I went out another week to get a premium I was happy with. Sometimes you have to make moves like this. This 50¢ premium is a return of 1.7%. If I get assigned I’ll make another 42¢ on the stock sale.
Occidental Petroleum
6/3/21 – Buy 100 Shares OXY @ $29.58
6/15/21 – Sell to Open 1 OXY 6/25/21 $30.00 C @ 50¢ (+$50)
Believe it or not, it’s these premiums that will make me rich. Of course with larger, Master Trades.
Successful trading,
Steve
The Options Coach