Sold a Call on My SQ Shares

I bought 200 shares of Block (SQ) on Monday at $78 per share. I made a mistake by not immediately selling a Call. I waited to see if the stock would go up a little to get a little higher premium but the stock pulled back. And we all know what the market did yesterday. Today the market is up and I was just filled with selling a Call. I didn’t get the premium I wanted, about half of what I wanted on Monday, but today is Wednesday and most readers know I like 1 week options. With only 2 day remaining to the week I placed an order to sell a 2 contract Call at 50¢. I was filled and received a $100 premium.

 

Sell to Open 2 SQ 3/8/24 $79.00 C @ 50¢ (+$100) 

 

If I don’t get assigned at $79 I will try to sell another Call next week. If I get assigned I’ll make another $200 on the stock sale.

 

Successful trading,

Steve

The Options Coach