I bought 300 shares of Inseego earlier but I’ve been so busy I forgot to post the purchase. I bought 300 shares at $14.35 and placed an order to sell 3 contracts of the INSG 1/15/21 $15 Calls. I did not get filled because the stock dropped back to $14.
Buy 300 Shares INSG @ $14.35
I bought these shares for a Grasshopper trade. If anyone is interested I like this stock at $14. The problem is they only have monthly options. If you don’t get filled on a trade for this Friday the next Expiration Date is 2/19. I have an order in to sell 3 INSG 1/15/21 Calls for a premium of 30¢. With the stock pulling back it doesn’t look good to get filled.
I might have to lower my premium to 20¢ or go out to 2/19 and go for a premium of $1.20. That would be a return of over 8%. That would be pretty nice for a 1 month trade. I’ll let you know what I’ll do.
When trading this is the thinking you have to do. You must figure out what the better trade is for your own situation.
Successful trading,
Steve
The Options Coach