Grasshopper Trade with Macys

I bought 200 shares of Macys on 6/28 at $19.20 and sold a Call. I was not assigned so I just sold another Call. I really want to get assigned to clear up some of my holdings so I did an In-the-Money Covered Call.

Sell to Open 2 M 7/16/21 $19.00 C @ 50¢ (+$100)

If I don’t get assigned the return will be 2.6%. With assignment the return will be 1.5% because I lose 20¢ on the stock sale.

 

Successful trading,

Steve

The Options Coach

 

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