I own 200 Shares of XPENG (XPEV) at $43.45. The stock is moving so I went a little higher with my Strike Price. I sold 2 XPEV 8/6/21 $46.00 C @ 50¢ for $100.
8/2/21 – Sell to Open 2 XPEV 8/6/21 $46.00 C @ 50¢ (+$100)
This premium is a return of 1.1% and fits into my “1 Week/1%” strategy. This trade gets a Risk Factor 1.
Successful trading,
Steve
The Options Coach