To start the new week I just sold 10 contracts of the Advanced Micro Devices (AMD) 9/14/18, $29.50 Calls. I received a 60¢ premium for $600. This is a Naked Call on a hot stock so I’ll be watching very closely. As I said, right now it’s a Naked Call so this trade gets a Risk Factor 5. The stock just stared moving as soon as I sold the Call so I think I’ll be buying the 1000 shares sometime today.
Sell to Open 10 AMD 9/14/18 $29.50 C @ 60¢ (+$600)
Steve
The Options Coach