Today started off to be another good morning!<\/p>\n
Tesla (TSLA) has been on a crazy run lately and I’m glad to be a part of it. This week I bought 100 shares at $1135 and sold the $1200 Call and another 100 shares at $1164 and sold a $1250 Call. Besides these expensive positions, on Tuesday I bought 1 TSLA \u00a0Call option. With the stock at $1161.50 I bought (1) 3\/18\/22 $1175 Call for a premium of $165.<\/p>\n
The Covered Calls expire tomorrow and It looks like I’ll do very well with those positions. Today with the stock up about $18 I felt it was moving a little sluggish. Imagine, thinking a stock up $18 is moving sluggish? lol. With that feeling I decided to grab the profit and sell the Call. Remember, I got in with the stock at $1161.50 on Tuesday and sold today with the stock at $1232. My premium went from $165 to $225, up $60. On the 1 contract that’s a profit of $6000 in 2 days.<\/p>\n
<\/p>\n
11\/2\/21 \u00a0\u2013 Buy to Open 1 TSLA 3\/18\/22 $1175.00 C @ $165.00<\/strong><\/p>\n 11\/4\/21 \u2013 Sell to Close 1 TSLA 3\/18\/22 $1175.00 C @ $225.00 <\/strong><\/p>\n With an Expiration Date of 3\/18\/22 did I get out too early? Who cares? I made $6000 in 2 days! I love taking profit, especially with a Long option. If the stock pulls back you never know what Time Decay<\/a> <\/span>will do to your position.<\/p>\n With TSLA on such a crazy run you never know when a pull back is coming. I decided to take the profit and help make a great week. With this $6000 added to the $5940 I already have locked in from the sale of 300 shares of NVAX this is shaping up to be a great week! Check out my Active Positions<\/a><\/span> page, I have a lot of Calls expiring tomorrow. I’m a little worried about PTON and SQ because they announce earnings today after the close. If they come up with good earnings this will be a banner week. I’m more worried with PTON!<\/p>\n <\/p>\n Successful trading,<\/p>\n Steve<\/p>\n The Options Coach<\/em><\/p>\n","protected":false},"excerpt":{"rendered":" Today started off to be another good morning! Tesla (TSLA) has been on a crazy run lately and I’m glad to be a part of it. This week I bought 100 shares at $1135 and sold the $1200 Call and another 100 shares at $1164 and sold a $1250 Call. Besides these expensive positions, on […]<\/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-12523","page","type-page","status-publish","hentry"],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/P75MP0-3fZ","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/12523","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=12523"}],"version-history":[{"count":1,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/12523\/revisions"}],"predecessor-version":[{"id":12524,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/12523\/revisions\/12524"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12523"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Profit +$6000\u00a0<\/strong><\/span><\/h4>\n