With Dell Technologies (DELL) at $146 I bought 1 DELL 1/17/25 $145 Call for a premium of $26. This position is not part of my Stock Split Strategy so I went out to January 2025 with the Expiration Date for protection.
Buy to Open 1 DELL 1/17/25 $145.00 C @ $26.00
As I write DELL is up $9.25 and the stock is at $151.25. My position is already up $2.70. If I can get $500 out of this position today I’ll sell. Buying options is not one of my favorite strategies except for a splitting stock, so I will grab a profit when I feel I’m happy with the return. Today’s goal is $500.
Successful trading,
Steve
The Options Coach