{"id":14156,"date":"2024-03-22T10:50:08","date_gmt":"2024-03-22T14:50:08","guid":{"rendered":"http:\/\/www.mainstbeatswallst.com\/?page_id=14156"},"modified":"2024-03-22T10:50:08","modified_gmt":"2024-03-22T14:50:08","slug":"sold-a-long-wmt-call","status":"publish","type":"page","link":"https:\/\/www.mainstbeatswallst.com\/?page_id=14156","title":{"rendered":"Sold a Long WMT Call"},"content":{"rendered":"

On 2\/26 Walmart (WMT) did a 3:1 split. WMT is not the type of stock to make big moves, not even after a split, but I used my split strategy to try to make a few bucks. On 2\/27 I bought 2 WMT Calls. A 1 contract Call that would expire in June and a 1 contract Call to expire in September. I just sold the June Call. The stock didn’t make much of a move after the split so I decided to sell my June Call to free up a few dollars and keep the September Call for a possible bigger gain. You can read about me getting into these Calls here<\/a><\/span>.<\/p>\n

The Call I sold today I bought for $2.25 and sold for $3.25. Not much but I’ll take it!<\/p>\n

 <\/p>\n

2\/27\/24 \u2013 Buy to Open 1 WMT 6\/21\/24 $60.00 C @ $2.25<\/strong><\/p>\n

3\/22\/24 – Sell to Close 1 WMT 6\/21\/24 $60.00 C @ $3.25<\/strong><\/p>\n

Profit +$100<\/strong><\/span><\/h4>\n

 <\/p>\n

I was in the position for a month. I invested $225 and pulled out $325 for a $100 gain. When I got into the position my goal was to get a return in the area of 50%. Which is high but for a splitting stock I felt it was possible. I invested $225 and made $100. That’s a Return on Investment (ROI) of 44.4%.<\/p>\n

I’m just getting back into my trading, if this opportunity came a few years ago I would have bought 10 or 20 contracts. Making 44% on that size position is very nice.<\/p>\n

I still own a 1 contract position expiring in September. Let’s watch and see how that will do.<\/p>\n

I will watch Walmart closely. I might consider buying a 5 contract LEAPS position that would expire in Jan 2025. I think it would be a winner; I will see if I want to tie up that cash at this point of my return. But I think it would be a good investment. I even considered buying and holding the stock. Right now I own 325 shares. I might round it off to 500 shares.<\/p>\n

 <\/p>\n

Successful trading,<\/p>\n

Steve<\/p>\n

The Options Coach<\/em><\/p>\n

 <\/p>\n

 <\/p>\n

 <\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

On 2\/26 Walmart (WMT) did a 3:1 split. WMT is not the type of stock to make big moves, not even after a split, but I used my split strategy to try to make a few bucks. On 2\/27 I bought 2 WMT Calls. A 1 contract Call that would expire in June and a […]<\/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-14156","page","type-page","status-publish","hentry"],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/P75MP0-3Gk","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/14156","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=14156"}],"version-history":[{"count":1,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/14156\/revisions"}],"predecessor-version":[{"id":14157,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/14156\/revisions\/14157"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=14156"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}