AppHarvest (APPH) did not have a good weekend – or so it would be inferred based on our APPH covered-call contract (strike: $18; expiration: 7MAY2021) being closed for $25.68 – APPH closed at $17.10 on Friday and fell to 15.72 by noon on Monday. Today APPH is trading around $15.50 – its been a rough week for APPH. We’ll liquidate the APPH stake via covered-call to move its exposure to tax-advantaged accounts. Oh, we didn’t make much on this contract, just $23.63, but for a contract with a $18 strike, that’s not too bad.
Source: MarketWatch.com; 4MAY2021
Skillz (SKLZ) dipped yesterday so I closed one of our SKLZ covered-call contracts (strike: $17.50; expiration: 7MAY2021) before it expired on Friday. We netted $71.63 on the contract over 12 days of capped upside on our shares and SKLZ is up today – when the rest of the NASDAQ is being murdered. to Glad to have this contract closed with SKLZ trading a quarter from our strike (it’s up about $0.75 today); glad to have made a bit of money on the trade; and glad to have 100 SKLZ shares not due to be called away.