{"id":12157,"date":"2021-08-27T15:24:57","date_gmt":"2021-08-27T19:24:57","guid":{"rendered":"http:\/\/www.mainstbeatswallst.com\/?page_id=12157"},"modified":"2021-09-01T13:42:30","modified_gmt":"2021-09-01T17:42:30","slug":"out-of-my-microchip-stock-splitting-calls","status":"publish","type":"page","link":"https:\/\/www.mainstbeatswallst.com\/?page_id=12157","title":{"rendered":"Out of my Microchip Stock Splitting Calls"},"content":{"rendered":"<p>Most readers know I have a strategy for splitting stocks. 2 Days ago Microchip (MCHP) announced a 2:1 stock split. One of the buy-in points with my stock splitting strategy is at the announcement.<\/p>\n<p>Normally after the initial stock pop there is a little profit taking. I might have jumped out a little early but with the geopolitical situation in the world I decided to not carry this position into the weekend when I have a nice profit.<\/p>\n<p>I plan on getting back in after the weekend or after a little pull back.<\/p>\n<p>I got into the position 2 days ago with the stock at $151.50 and got out with the stock at $160.00<\/p>\n<p style=\"text-align: center;\"><strong>8\/25\/21 \u2013 Buy to Open 2 MCHP 1\/21\/21 $150.00 C @ $13.00\u00a0<\/strong><\/p>\n<p style=\"text-align: center;\"><strong>8\/27\/21 \u2013 Sell to Close 2 MCHP 1\/21 21 $150.00 C @ $18.80 <\/strong><\/p>\n<h4 style=\"text-align: center;\"><span style=\"text-decoration: underline;\"><strong>\u00a0Profit +$1160<\/strong><\/span><\/h4>\n<p>This 2 day trade gave me a 44% return.<\/p>\n<p>This will just be the beginning of my trades with MCHP. You will be the first to know when I get back in. If you don&#8217;t want to watch this closely like me I think buying the June, 2022 Calls would be very safe and a money maker. If you want to gamble a little more and spend less money I also think the Jan, 2022 is safe and will be a money maker. The stock splits on Oct 12th.<\/p>\n<p>Email me any questions.<\/p>\n<p>&nbsp;<\/p>\n<p>Successful trading,<\/p>\n<p>Steve<\/p>\n<p>The Options Coach<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Most readers know I have a strategy for splitting stocks. 2 Days ago Microchip (MCHP) announced a 2:1 stock split. One of the buy-in points with my stock splitting strategy is at the announcement. Normally after the initial stock pop there is a little profit taking. I might have jumped out a little early but [&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-12157","page","type-page","status-publish","hentry"],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/P75MP0-3a5","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/12157","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=12157"}],"version-history":[{"count":2,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/12157\/revisions"}],"predecessor-version":[{"id":12189,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/12157\/revisions\/12189"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12157"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}