On 1/21 I bought 1000 shares of Weight Watchers (WW) at $39.40. I’ve sold a few Calls against these shares and today I sold another 10 contract Call. The stock is down a little from where I bought so I wasn’t able to get the premium I desire but I did get $250.
With the stock at $37.50 I sold a 4 day option. I sold 10 WW 2/14/20 $39.50 Calls for a premium of 25¢. I didn’t get my desired 1%, but $250 is $250! I’ll take this premium and put it in my mattress.
Sell to Open 10 WW 2/14/20 $39.50 C @ 25¢ (+$250)
This Call position above is in addition to a Buy-Write I did yesterday with WW. Read here. My option I sold with this Buy-Write brought is a premium of $950. If WW continues to move, or even stays where it is, these can be two nice trades.
Successful trading,
Steve
The Options Coach