What a wild couple of days! Not sure what’s going to happen for the rest of the week, but with RH below where I bought I just sold a Call with a Strike Price below where I bought. A little risky butI wanted a premium. With RH at it’s high for the day, up about $3, I decided to sell a $97 Call. I’m in all my shares at higher prices but I decided to take a chance on not getting assigned. If the stock goes above $97, which is $5 above where it’s trading right now, I’ll get assigned and deal with it. I feel good bringing in a premium and I don’t think it will go above $97 by Friday.
Sell to Open 20 RH 2/9/18 $97.00 C @ 75¢ (+$1500)
This is a Covered Call on previously owned stock so this trade gets a Risk Factor 1. However, there is a little danger in getting assigned and losing money on the stock sale.
Steve
The Options Coach