I bought 200 shares of Contextlogic (WISH) on 6/23 at $13.65. I just sold another Call against these shares. The stock pulled back a little so I went out to &/16/21 to get a better Premium. As I write the stock is at $12.35. I sold 2 WISH 7/16/21 $14 Calls for a premium of 70¢ for $140.
Sell to Open 2 WISH 7/16/21 $14.00 C @ 70¢ (+$140)
This is a shortened week so going out an additional week gave me the 70¢ premium. This is a return of 5.1% for a 2 week trade. This trade gets a Risk Factor 1.
I also made a bunch of Master Trades today. They are listed below.
3D System
6/28/21 – Buy 1000 Shares DDD @ $41.00
7/6/21 – Sell to Open 10 DDD 7/16/21 $41.00 C @ 60¢ (+$600)
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Square
6/29/21 – Buy 300 Shares SQ @ $250.00
7/6/21 – Sell to Open 3 SQ 7/9/21 $252.50 C @ $2.00 (+$600)
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Contextlogic
In-the-Money Covered Call
6/28/21 – Buy 1500 Shares WISH @ $13.95
7/6/21 – Sell to Open 15 WISH 7/9/21 $$13.50 C @ 30¢ (+$450)
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Peloton
6/28/21 – Buy 1000 Shares PTON @ $123.00
7/6/21 – Sell to Open 10 PTON 7/9/21 $124.00 C @ $1.75 (+$1750)
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Nio
7/6/21 – Buy 1000 Shares NIO @ $51.40
7/6/21 – Sell to Open 10 NIO 7/9/21 $52.00 C @ 1.35 (+$1350)
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Peloton
7/6/21 – Buy 500 shares PTON @ $122.50
7/6/21 – Sell to Open 5 PTON 7/9/21 $123.00 C @ $2.50 (+$1250)
You can always see all my trades on my Active Trades page.
Successful trading,
Steve
The Options Coach