As I reported a couple of days ago; in the last few weeks I brought is $580 in premiums selling Calls on the 1000 shares in my margin account. I also have a Call expiring on 3\/3\/23 which will give me another $400 premium. The shares in my margin account I hope to get assigned on because I’m paying margin interest. However, with MPW, I really don’t care because if I don’t get assigned I’m holding the stock for the dividend.<\/p>\n
With some of the premiums I brought in I bought more shares of the stock. This morning I moved enough money from my margin account over to my non-margin account to buy 30 more shares with the premium money. So I also look at these shares as free shares; I bought them with money I made with an options trade. I placed the order at $12.80 and I just got filled.<\/p>\n
Buy 30 Shares of MPW @ $12.80\u00a0<\/strong><\/p>\n I had 1000 shares so now I have 1030 shares. With these new shares added I now have 1030 shares of MPW at an average of $11.68 per share which is 9.93% with the 29\u00a2 dividend.<\/p>\n When I own shares and collect dividend shares, plus buy shares with premiums from selling Call, I call this Double Dipping<\/strong>. I now collect dividends on the shares I received from a dividend payment and shares I bought with premiums. All these shares are FREE Shares.<\/p>\n I will try to keep track. At this point I have 1030 shares, 1000 shares I bought and 30 free shares.<\/p>\n Any questions 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":" As I reported a couple of days ago; in the last few weeks I brought is $580 in premiums selling Calls on the 1000 shares in my margin account. I also have a Call expiring on 3\/3\/23 which will give me another $400 premium. The shares in my margin account I hope to get assigned […]<\/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-13569","page","type-page","status-publish","hentry"],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/P75MP0-3wR","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/13569","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=13569"}],"version-history":[{"count":1,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/13569\/revisions"}],"predecessor-version":[{"id":13570,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/13569\/revisions\/13570"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=13569"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}