I just bought 500 Shares of Paypal (PYPL) @ $189.50 and sold 5 1/7/22 $190 Calls for a premium of $2.50. This gave me a total of $1250. If assigned I’ll make another 50¢ for $250.
Buy 500 Shares PYPL @ $189.50
Sell to Open 5 PYPL 1/7/22 $190.00 C @ $2.50 (+$1250)
I bought 500 shares for this trade. A Grasshopper could buy 100 shares. The premium will be the same 1.3% for the 4 day trade.
Successful trading,
Steve
The Options Coach