Today was a huge day for RH, up $5.65…..so far. I own 1500 shares from last week. I just sold a 2 day Call. I sold 15 contract of the RH 7/14/17 $70 Calls for a premium of 45¢. The stock has been very hot so I sold the Call $2.50 Out-of-the-Money. This means the stock can move another $2.50 before I get assigned. I really like this option! This trade is a Covered Call so it gets a Risk Factor 1.
Sell to Open 15 RH 7/14/17 $70 C @ 45¢ (+$675)
Have a good night!
Steve
The Options Coach