It been a while since I sold a Call on my RH holding. Hopefully my patience will pay off. On 1/23/18 I bought 1000 shares at $102.75 and later that day I bought another 500 shares at $104.25. Then with the stock pulling back a little I bought another 500 shares on 1/31/18 at $101.50. From time to time in the beginning of the year I sold Calls against these shares, but it’s been a while. The stock has been moving lately, and today it broke $100 for the first time since late January and I had my finger on the trigger looking to bring in a nice premium. I was filled on an order I placed to sell 20 contracts of the $105 Calls for a premium of $1.35, to expire next Friday. I cannot believe this but my patience is allowing me to bring in a $2700 premium. I’m very happy!
Sell to Open 20 RH 5/11/18 $105.00 C @ $1.35 (+$2700)
This trade is a Covered Call sold on previously owned stock so it get a Risk Factor 1.
I hope to get assigned on this Call so I can move on from this position. If I get assigned I will not only keep the $2700 premium but I’ll make money on the sale of all my shares. It could be a nice payday!
Steve
The Options Coach