{"id":10273,"date":"2021-01-25T15:35:56","date_gmt":"2021-01-25T20:35:56","guid":{"rendered":"http:\/\/www.mainstbeatswallst.com\/?page_id=10273"},"modified":"2021-01-25T15:39:12","modified_gmt":"2021-01-25T20:39:12","slug":"out-of-my-40-contract-peloton-covered-call","status":"publish","type":"page","link":"https:\/\/www.mainstbeatswallst.com\/?page_id=10273","title":{"rendered":"Out of my 40 Contract Peloton Covered Call"},"content":{"rendered":"<p>I own 4000 shares of Peloton at $134.12. This morning I sold a 40 contract Call bringing in a premium of $19,000. I just did a &#8220;Buy to Close&#8221; on this position locking in $10,000.<\/p>\n<p style=\"text-align: center;\"><strong>Sell to Open 40 PTON 1\/29\/21 $165.00 C @ $4.75 (+$19,000)<\/strong><\/p>\n<p style=\"text-align: center;\"><strong>But to Close 40 PTON 1\/29\/21 $165.00 C @ $2.25 (-$9000)<\/strong><\/p>\n<h4 style=\"text-align: center;\"><span style=\"text-decoration: underline;\"><strong>Profit +$10,000<\/strong><\/span><\/h4>\n<p>Well, why did I do this?<\/p>\n<p>The main reason is I made $10,000 in a half day.<\/p>\n<p>This is only Monday. I locked in $10,000 and I have the full week to sell another Call. I&#8217;m hoping the stock fluctuations back up and I get another 40 contract Call sold. Whenever I do this it doesn&#8217;t seem to work out well. But this time I locked in $10 grand.<\/p>\n<p>Lets see what happens. I have a few more days to get a Call sold. Also, if the stock gaps up over night I&#8217;m not obligated to deliver the shares.<\/p>\n<p>Successful trading,<\/p>\n<p>Steve<\/p>\n<p><em>The Options Coach<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>I own 4000 shares of Peloton at $134.12. This morning I sold a 40 contract Call bringing in a premium of $19,000. I just did a &#8220;Buy to Close&#8221; on this position locking in $10,000. Sell to Open 40 PTON 1\/29\/21 $165.00 C @ $4.75 (+$19,000) But to Close 40 PTON 1\/29\/21 $165.00 C @ [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"class_list":["post-10273","page","type-page","status-publish","hentry"],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/P75MP0-2FH","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/10273","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=10273"}],"version-history":[{"count":2,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/10273\/revisions"}],"predecessor-version":[{"id":10279,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/10273\/revisions\/10279"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10273"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}