Back on 12/21/20 I bought 1000 shares of Neogenomics (NEO) at $52.80 and sold a 10 contract Call. I was not assigned on that Call. Today NEO is up and I was just filled on a trade. I sold 10 NEO 1/15/21 $55 Calls for a premium of 80¢ for $800.
Sell to Open 10 NEO 1/15/21 $55.00 C @ 80¢ (+$800)
This premium is a 1.5% return on my investment. But I think I’ll be getting assigned. If I do I’ll make another $2.20 on the stock assignment.
NEO just received a few upgrades and I think I’ll be getting assigned at $55. This is a Covered Call on a great stock so this trade gets a Risk Factor 1.
Successful trading,
Steve
The Options Coach