{"id":11153,"date":"2021-04-15T10:47:01","date_gmt":"2021-04-15T14:47:01","guid":{"rendered":"http:\/\/www.mainstbeatswallst.com\/?page_id=11153"},"modified":"2021-04-15T10:47:01","modified_gmt":"2021-04-15T14:47:01","slug":"3-contract-covered-call-with-square","status":"publish","type":"page","link":"https:\/\/www.mainstbeatswallst.com\/?page_id=11153","title":{"rendered":"3 Contract Covered Call with Square"},"content":{"rendered":"<p>Square (SQ) has been moving similar to Bitcoin the last few weeks, ; up and down with big swings. With the market up today, and 1 day until Friday&#8217;s expiration, I just bought 300 shares of SQ at $266.75 and sold a 3 contract Covered Call. I sold 3 SQ 4\/16\/21 $267.50 for a premium of $3.50 for $1050.<\/p>\n<p>&nbsp;<\/p>\n<p style=\"text-align: center;\"><strong>Buy 300 Shares SQ @ $266.75<\/strong><\/p>\n<p style=\"text-align: center;\"><strong>Sell to Open 3 SQ 4\/16\/21 $267.50 C @ $3.50 (+$1050)<\/strong><\/p>\n<p>&nbsp;<\/p>\n<p>The trade gets a <strong>Risk Factor 1<\/strong>.<\/p>\n<hr \/>\n<p>I made this trade about 45 minutes ago. I also started writing this post at that time. My writing was interrupted for a very good reason. The New York City Fire Dept. was live streaming their promotion ceremony. My son, and <strong>Main Street beats Wall Street&#8217;s<\/strong> contributing writer, Stephen Cunningham Jr was promoted to Fire Captain. At the age of 37 this is a great accomplishment.<\/p>\n<p>The only reason I wasn&#8217;t there live is because of COVID. The ceremony was limited to the members being promoted only.<\/p>\n<p>I cannot tell you how proud me and my family are of this very special young man.<\/p>\n<p>Congratulations, Captain Stephen Cunningham!<\/p>\n<p>&nbsp;<\/p>\n<p>Successful trading,<\/p>\n<p>Steve<\/p>\n<p><em>The Options Coach<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Square (SQ) has been moving similar to Bitcoin the last few weeks, ; up and down with big swings. With the market up today, and 1 day until Friday&#8217;s expiration, I just bought 300 shares of SQ at $266.75 and sold a 3 contract Covered Call. I sold 3 SQ 4\/16\/21 $267.50 for a premium [&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-11153","page","type-page","status-publish","hentry"],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/P75MP0-2TT","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/11153","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=11153"}],"version-history":[{"count":1,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/11153\/revisions"}],"predecessor-version":[{"id":11154,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/11153\/revisions\/11154"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11153"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}