Last week I bought 100 shares of Zoom at $409.50. I now own a total of 600 shares. I’m getting a little worried about where the stock may go with the vaccine almost ready. I think the stock will always do well, but I’m not sure if the stock will return to the $500 area. With this in mind I just sold a 1 contract Call against the shares I bought at $409.50. I sold 1 11/20/20 $410 Call for a premium of $3.50 for $350.
Sell to Open 1 ZM 11/20/20 $410.00 C @ $3.50 (+$350)
This trade gets a Risk Factor 1. This is my second 1 contract Call I sold this week.
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Successful trading,
Steve
The Options Coach