Like Micron, Applied Materials (AMAT) is on a roll today. With the stock up I just got a Call sold.
I bought 1000 shares of AMAT on 7/29/19 at $50.40. At the same time I sold a Call bringing in a $600 premium. Again on 8/8 I sold another Call for a $450 premium. Since the beginning of August, with AMAT in a dip, I haven’t sold another Call.
Today with the stock bouncing back and the up to $49.40 I just got another Call sold. I sold a 10 contract Call to expire next Friday for a premium of 55¢.
Sell to Open 10 AMAT 9/13/19 $50.50 C @ 55¢ (+$550)
With the shortened week with Labor Day, and yesterday’s down day, I guess I’m writing off getting into a trade to expire this Friday. This Call will expire next Friday as the trade I made earlier with Micron. Now if I can get a Call sold on Snap next week will be a nice one.
This trade is a Covered Call on previously owned stock so it gets a Risk Factor 1.
Steve
The Options Coach