A few minutes ago I bought 1000 shares of Workhorse (WKHS) at $21.80 and sold 10 12/4/20 $22 Calls for a premium of 80¢ for $800.
Buy 1000 Shares WKHS @ $21.80
Sell to Open 10 WKHS 12/4/20 $22.00 C @ 80¢ ($800)
This is basically a 1 day position. As I write the stock is up to $22.78. The stock was down big yesterday and it’s flying today. I’m hoping it keeps going and I get assigned. This trade gets a Risk Factor 1.
Successful trading,
Steve
The Options Coach