With a few minutes to go for this week’s trading, I just sold a SQ Call.
I have a Covered Call going right now with Square (SQ). On 10/1/19 I bought 1000 shares of SQ. I also had a 10 contract Call sold which will expire after the close today. This is a $63 Call and I just sold another $63 Call with the stock at $62.60. With only a few minutes to go in the session I figures the stock wasn’t gonna get to the Strike Price of $63, and I was safe to sell another Call to get next week started. I sold a 10 contract 10/11/19 $63 Call for a premium of $1.05. The Call about to expire at the close had a premium of $700, and I just brought in another $1050. I have no Idea, with the volatility, what SQ will do next week, but if I get assigned this will have been a great few trades with SQ.
Sell to Open 10 SQ 10/11/19 $63.00 C @ $1.05 (+$1050)
Earlier I sold a Call with AMD and brought in a premium of $300, and I just brought in another $1050. If I don’t make another trade next week it will still be a very good week.
Have a great weekend!
Steve
The Options Coach