{"id":13157,"date":"2022-02-07T08:10:28","date_gmt":"2022-02-07T13:10:28","guid":{"rendered":"http:\/\/www.mainstbeatswallst.com\/?page_id=13157"},"modified":"2022-02-19T10:09:54","modified_gmt":"2022-02-19T15:09:54","slug":"update-on-my-att-paper-trade","status":"publish","type":"page","link":"https:\/\/www.mainstbeatswallst.com\/?page_id=13157","title":{"rendered":"Update on my AT&#038;T Paper Trade"},"content":{"rendered":"<p>I made a PaperTrade with AT&amp;T (T) last month. I bought 1000 shares of T at $26. I made this trade to capture the dividend and also sell a Covered Call. I call this strategy &#8220;Double Dipping.&#8221; The ex-date was 1\/7\/22. To capture the dividend you must own the stock before the ex-date. In this case you must own the stock by 1\/6\/22.<\/p>\n<p>Please read my post from this trade, <span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" href=\"http:\/\/www.mainstbeatswallst.com\/?page_id=13064\">Explanation of my AT&amp;T Paper Trade<\/a><\/span>.<\/p>\n<p>The reason I&#8217;m writing about this trade now is because AT&amp;T paid their dividend this week. This is a Paper Trade for learning, but if it was a real trade I would have gotten the 52\u00a2 dividend on Monday, Feb 1st.<\/p>\n<p>I like to take my dividends in shares and not cash. This 52\u00a2 on my 1000 shares would be $520. On Monday Feb 1st the stock closed at $24.42. The $520 dividend would have bought me 21 additional shares of AT&amp;T. I know own 1021 shares.<\/p>\n<p>&nbsp;<\/p>\n<p style=\"text-align: center;\"><strong>1\/6\/22 Buy 1000 Shares T @ 26.20<\/strong><\/p>\n<p style=\"text-align: center;\"><strong>1\/6\/22 \u2013 Sell to Open 10 T 2\/11\/22 $27.00 C @ 50\u00a2 (+$500)<\/strong><\/p>\n<p>Along with this trade I sold a 10 contract Call. As you can see this Call expires this coming Friday. So far I received $520 in shares and after this Friday I&#8217;ll have another $500 in premium.<\/p>\n<p>If I get assigned, which I don&#8217;t think I will because the stock is at $24.08, I would have made the $520 in dividend, plus the $500 premium.<\/p>\n<p>Since I don&#8217;t think I&#8217;ll get assigned, I&#8217;ll keep the $520 and the $500 and I can hold for the next dividend and get another premium.<\/p>\n<p>Next week, after the Call expires, I&#8217;ll write about when I&#8217;d sell another Call. The date I sell the next Call is very important to this strategy. I will explain why next week.<\/p>\n<p>This &#8220;Double Dipping&#8221; strategy can be a great strategy for someone who doesn&#8217;t want to trade everyday. Watch for another update post next week.<\/p>\n<p>Any questions send me an email.<\/p>\n<p>&nbsp;<\/p>\n<p>Successful Trading,<\/p>\n<p>Steve<\/p>\n<p><em>The Options Coach<\/em><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>I made a PaperTrade with AT&amp;T (T) last month. I bought 1000 shares of T at $26. I made this trade to capture the dividend and also sell a Covered Call. I call this strategy &#8220;Double Dipping.&#8221; The ex-date was 1\/7\/22. To capture the dividend you must own the stock before the ex-date. In this [&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-13157","page","type-page","status-publish","hentry"],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/P75MP0-3qd","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/13157","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=13157"}],"version-history":[{"count":1,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/13157\/revisions"}],"predecessor-version":[{"id":13160,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/13157\/revisions\/13160"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=13157"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}