On 1\/4\/22 I bought 500 shares of Paypal (PYPL) at $189.50. I sold a $190 Call to expire 1\/7\/22 which was not assigned. This Call gave me a premium of $1250.<\/p>\n
Yesterday, with the stock on the move, I sold another $190 Call to expire this Friday, 1\/14\/22. The stock ended up $8 on the day.<\/p>\n
I really try to know my stocks and learn how they move by keeping an eye on it every day. Some are very unpredictable but PYPL I notice a big up day is followed by a down day. No matter how the market moves. This has been going on for a while.<\/p>\n
Yesterday with the stock up about $9.50 and near it’s high for the day I made a ballsy move. With my PYPL shares involved in a $190 Covered Call I sold my shares at $192.25. The selling of my stock left me in a Naked Call $2.50 In-the-Money. This is very dangerous. However, I felt so confident that PYPL would continue with its pattern of going down after a big up day so I decided to take the gamble.<\/p>\n
Remember, I’m in the stock at $189.50. I sold the stock at $192.25 making $1375 on the sale but I’m now in a Naked Call. Now I need the stock to move down so I can re-buy the stock to cover my dangerous Naked Call. Lucky for me my prediction came through. On the big up day for the market PYPL moved down. I bought the 500 shares at $187.50 and my $190 Call is covered again. Below are the orders for the buying and selling of the stock.<\/p>\n
<\/p>\n
1\/4\/22 \u2013 Buy 500 Shares PYPL @ $189.50<\/strong><\/p>\n 1\/11\/22 \u2013 Sell 500 Shares PYPL @ $192.25 <\/strong><\/p>\n <\/p>\n With the selling of the stock I locked in a profit of $1375. With the stock moving down I bought the shares back at $187.50 and I’m in a Covered Call again. Below is the position I’m in now. This Call expires this Friday.<\/p>\n <\/p>\n 1\/12\/22 \u2013 Buy 500 Shares PYPL @ $187.50<\/strong><\/p>\n 1\/11\/22 \u2013 Sell to Open 5 PYPL 1\/14\/22 $190.00 C @ $2.00 (+$1000)<\/strong><\/p>\n <\/p>\n Try not to get involved in too many positions. If you only hold a few you can get a feel of how the stocks move. I don’t recommend anyone making the move I made today but it’s always nice to be able to predict how a stock might move.<\/p>\n I made a few more moves today. I own 200 shares of Tesla and I sold a Call to expire Friday.<\/p>\n <\/p>\n Sell \u00a0to Open 2 TSLA 1\/14\/22 $1175.00 C @ $2.00 (+$400)<\/strong><\/p>\n <\/p>\n I own 1000 shares of Nvidia and with the up day I got a Call sold against these shares.<\/p>\n <\/p>\n Sell to Open 10 NVDA 1\/14\/22 $300.00 C @ 50\u00a2 (+$500)<\/strong><\/p>\n <\/p>\n These aren’t the biggest premiums but with the big down day yesterday I’m happy I got to bring in some okay money.<\/p>\n I also made a Day Trade with GM. With the stock moving down today I decided to sell a Naked Call. I didn’t want to own the stock. With the stock at $60.09 I sold a $60 Call to expire Friday. I sold 5 GM 1\/14\/22 $60 Calls for a premium of 81\u00a2 for $405. As the stock continued down I placed a “Buy to Close” order at 40\u00a2. When selling Calls with a Day Trade I love to get half the money I signed up for. The stock dropped down to the $59.65 area and my 40\u00a2 was filled.<\/p>\n <\/p>\n Sell to Open 5 GM 1\/14\/22 $60.00 C @ 81\u00a2 (+$405)<\/strong><\/p>\n Buy to Close 5 GM 1\/14\/22 $60.00 C @ 40\u00a2 (-$200)<\/strong><\/p>\n Any questions on these moves send me an email.<\/p>\n <\/p>\n Successful trading,<\/p>\n Steve<\/p>\n The Options Coach<\/em><\/p>\n <\/p>\n","protected":false},"excerpt":{"rendered":" On 1\/4\/22 I bought 500 shares of Paypal (PYPL) at $189.50. I sold a $190 Call to expire 1\/7\/22 which was not assigned. This Call gave me a premium of $1250. Yesterday, with the stock on the move, I sold another $190 Call to expire this Friday, 1\/14\/22. The stock ended up $8 on the […]<\/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-13092","page","type-page","status-publish","hentry"],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/P75MP0-3pa","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/13092","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=13092"}],"version-history":[{"count":1,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/13092\/revisions"}],"predecessor-version":[{"id":13094,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/13092\/revisions\/13094"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=13092"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}\u00a0Profit +$1375<\/strong><\/span><\/h4>\n
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\nProfit +$205<\/strong><\/span><\/h4>\n