Just got filled on a trade at the close. I previously owned 400 Shares of MOMO and have been selling Calls in “The Grasshopper Field.” I haven’t been assigned so I just sold another 4 contract Call. I sold 4 MOMO 7/9/21 $15.50 Call for a premium of 35¢ for $140. I went out to 7/9 to get a better premium.
Sell to Open 4 MOMO 7/9/21 $15.50 C @ 35¢ (+$140)
This premium is a 2.3% return but it’s a 3 week option. This trade get’s a Risk Factor 1.
Successful trading,
Steve
The Options Coach