{"id":7456,"date":"2020-04-21T10:28:49","date_gmt":"2020-04-21T14:28:49","guid":{"rendered":"http:\/\/www.mainstbeatswallst.com\/?page_id=7456"},"modified":"2020-04-21T10:31:41","modified_gmt":"2020-04-21T14:31:41","slug":"sold-another-ual-call","status":"publish","type":"page","link":"https:\/\/www.mainstbeatswallst.com\/?page_id=7456","title":{"rendered":"Sold Another UAL Call"},"content":{"rendered":"

Yesterday I did my Triple Play Hedge<\/strong> Strategy with United Airlines (UAL). For you who are not familiar with this strategy I invented, please read my page here<\/a><\/span>. It’s a strategy where I buy the stock and sell 3 separate Calls. In this case with UAL I bought 1000 shares of the stock and sold (3) 10 contract Calls. The 1st Call is Covered and the other 2 Calls are Naked. Yesterday I did a Buy to Close<\/strong> on one of the Naked Calls to lock in profit. This was a $30 Call I sold for a 2.05 premium. I bought the Call back for 80\u00a2 for a $1250 profit. This left me with only 2 Calls sold in my Triple Play Hedge.<\/p>\n

Today with the stock up on a down day I just sold another Call to make my position a Triple Play Hedge. I sold 10 contracts of the UAL 4\/24\/20 $31 Call for a premium of 60\u00a2. This Call gave me total premium of $600.<\/p>\n

Sell to Open 10 UAL 4\/24\/20 $31.00 C @ 60\u00a2 (+$600)<\/strong><\/h4>\n
\n

Below is the entire Triple Play Hedge. The highlighter Call is the one I sold today.<\/p>\n

United Airlines Triple Play Hedge<\/strong><\/span><\/p>\n

4\/20\/20 \u2013 Buy 1000 Shares UAL @ $28.00<\/p>\n

4\/20\/20 ($28.00) \u2013 Sell to Open 10 UAL 4\/24\/20 $28.00 C @ $1.70 (+$1700)<\/p>\n

4\/21\/20 ($28.25) \u2013 Sell to Open 10 UAL 4\/24\/20 $31.00C @ 60\u00a2 (+$600)<\/strong><\/p>\n

4\/20\/20 ($28.10) \u2013 Sell to Open 10 UAL 4\/24\/20 $32.00 C @ 45\u00a2 (+$450)<\/p>\n

I already locked in $1250 by exiting the $30 Call yesterday. Today I replaced it with a $31 Call. If this position works the way I think it will I’ll keep all the premiums above. The $1700, $600 and $450. I would like to get assigned on the first Call at $28, get completely out of my position, and move on. If this happens this will be a very successful, 1 week position. BUT, we still have 4 days to go. I’ll keep my fingers crossed!<\/p>\n

The reason I sell 3 Calls with my Triple Play Hedge is to bring in 3 premiums as hedging in the case the stock moves down. If you have a question on my strategy send me an email.<\/p>\n

Successful Trading,<\/p>\n

Steve<\/p>\n

The Options Coach<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Yesterday I did my Triple Play Hedge Strategy with United Airlines (UAL). For you who are not familiar with this strategy I invented, please read my page here. It’s a strategy where I buy the stock and sell 3 separate Calls. In this case with UAL I bought 1000 shares of the stock and sold […]<\/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-7456","page","type-page","status-publish","hentry"],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/P75MP0-1Wg","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/7456","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=7456"}],"version-history":[{"count":2,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/7456\/revisions"}],"predecessor-version":[{"id":7460,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/7456\/revisions\/7460"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7456"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}