A little while ago I posted that I bought 2000 shares of RH at $75.08. Well, I decided to take a $1 premium for a 20 contract $76.50 Call expiring this Friday. This is a Covered Call so the trade gets a Risk Factor 1.
Sell to Open 20 RH 10/13/17 $76.50 C @ $1.00 (+$2000)
If I get assigned on this Covered Call it will make for a great week. In addition to the $2000 premium I would make $1.42 per share on the stock for $28.40 on the 2000 shares. Either way I keep the $2000 premium!
Steve
The Options Coach