Yesterday I reported that I bought 100 shares of RH and put in an order to sell 2 Calls. One was a $150 Call and the other was a $152.50 Call. I had to leave my computer and I was filled on both orders. I wanted one to get filled, I didn’t care which one it was, and I was gonna cancel the other order. Since I was filled on both, today I bought another 100 shares so I wasn’t Naked on the other Call. I now have (2) 1 contract Covered Call expiring this Friday.
Rh has been moving nicely so I feel pretty good about these 2 Grasshopper trades. The 100 shares I just bought I got for $151 per share. Below are the 2 Covered Calls.
(2) 1 Contract Covered Calls
8/13/18 – Buy 100 Shares RH @ $146.90
8/13/18 – Sell to Open 1 RH 8/17/18 $150.00 C @ $3.00 (+$300)
8/14/18 – Buy 100 Shares RH @ $151.00
8/13/18 – Sell to Open 1 RH 8/17/18 $152.50 C @ $2.00 (+$200)
I’m hoping RH goes above my $152.50 Strike Price and I get assigned on both of these Covered Calls.
Any questions, send me an email.
Steve
The Options Coach