{"id":11285,"date":"2021-04-30T16:31:03","date_gmt":"2021-04-30T20:31:03","guid":{"rendered":"http:\/\/www.mainstbeatswallst.com\/?page_id=11285"},"modified":"2021-04-30T16:31:03","modified_gmt":"2021-04-30T20:31:03","slug":"made-a-tesla-trade-at-the-close","status":"publish","type":"page","link":"https:\/\/www.mainstbeatswallst.com\/?page_id=11285","title":{"rendered":"Made a Tesla Trade at the Close"},"content":{"rendered":"<p>Back on 2\/2\/21 I bought 100 shares of Tesla at $857. At that time I sold a 1 contract Call taking in a $2000 premium. When that Call expired Tesla went into a nosedive and has been lower ever since.<\/p>\n<p>With the stock lower I sold another Call on 3\/22 taking in a $4200 premium. I had to go out to 6\/18\/21 with my Expiration Date to get this premium. Today is 4\/30 and <span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" href=\"http:\/\/www.mainstbeatswallst.com\/?page_id=444\">Time Decay<\/a><\/span> ate away at the premium and today it&#8217;s at $10.90.<\/p>\n<p>The stock is well below my buy-in price but the stock came out with great earnings. With still 50 days to go for this 6\/18\/21 Call to expire and the premium down, I decided to do a <strong>Buy to Close<\/strong> to close out the position. I bought my way out for $10.90 for a total of $1090. I sold the Call for $4200 and just bought my way out for $1090 for a profit of $3110.<\/p>\n<p>&nbsp;<\/p>\n<p style=\"text-align: center;\"><strong>3\/22\/21 &#8211; Sell to Open 1 TSLA 6\/18\/21 $860.00 C @ $42.00 (+$4200)<\/strong><\/p>\n<p style=\"text-align: center;\"><strong>4\/30\/21 &#8211; Buy to Close 1 TSLA 6\/18\/21 $860.00C @ $10.90 (-$1090)\u00a0<\/strong><\/p>\n<h4 style=\"text-align: center;\"><span style=\"text-decoration: underline;\"><strong>Profit +$3110<\/strong><\/span><\/h4>\n<p>&nbsp;<\/p>\n<p>I was in this position for 5 weeks and there&#8217;s 50 days until expiration. Some might say, why didn&#8217;t I just hold the position for another 50 days to keep the entire $4200?<\/p>\n<p>With the great earnings, I felt it was worth locking in the $3110 now and not holding another 50 day for the extra $1090. I feel Tesla has a chance to move higher in the next week or 2 (it&#8217;s up $32 today) and I will get another Call sold at this time instead of waiting 50 days to get another Call sold.<\/p>\n<p>I know a few of you are waiting for a return email with your questions. But if you don&#8217;t understand my move here please send an email. I&#8217;ve been very busy but I&#8217;ll be getting to all my emails in the next day.<\/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>Back on 2\/2\/21 I bought 100 shares of Tesla at $857. At that time I sold a 1 contract Call taking in a $2000 premium. When that Call expired Tesla went into a nosedive and has been lower ever since. With the stock lower I sold another Call on 3\/22 taking in a $4200 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-11285","page","type-page","status-publish","hentry"],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/P75MP0-2W1","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/11285","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=11285"}],"version-history":[{"count":1,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/11285\/revisions"}],"predecessor-version":[{"id":11286,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/11285\/revisions\/11286"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11285"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}