I sold 5 Naked Calls on NVDA as I did yesterday. I received an $8 premium and I have an order placed to “Buy to Close” at $4. This is what I did yesterday, I hope history repeats itself.
Sell to Open 5 NVDA 9/4/20 $580.00 C @ $8.00 (+$4000)
Selling a Naked Call on a stock is very dangerous. I do not recommend this trade. It has a Risk Factor 5.
Successful trading,
Steve
The Options Coach