{"id":7475,"date":"2020-04-22T12:34:08","date_gmt":"2020-04-22T16:34:08","guid":{"rendered":"http:\/\/www.mainstbeatswallst.com\/?page_id=7475"},"modified":"2020-04-22T12:43:47","modified_gmt":"2020-04-22T16:43:47","slug":"out-of-my-triple-play-hedge","status":"publish","type":"page","link":"https:\/\/www.mainstbeatswallst.com\/?page_id=7475","title":{"rendered":"Out of My Triple Play Hedge"},"content":{"rendered":"<p>With United Airlines (UAL) down today I jump out of all positions in my <span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" href=\"http:\/\/www.mainstbeatswallst.com\/?page_id=396\">Triple Play Hedge<\/a><\/span>. It&#8217;s only Wednesday, and I had a nice profit on all 3 of my Short Calls, so I decided to get out and hopefully I&#8217;ll be able to get the 3 Calls sold again tomorrow. We&#8217;ll have to watch and see.<\/p>\n<p>At this point, let&#8217;s take a look at how the Triple Play Hedge worked. I bought 1000 shares of UAL. I sold 3 Calls as hedging. If the stock goes down my 3 Short Calls will increase in value. As I write, UAL is down $1.85 today. Thats $1850 on my 1000 shares. If I never sold a Call my account would be down the $1850.<\/p>\n<p>I sold 3 Calls with the Strike Prices of $28, $31 &amp; $32. My $28 Strike brought in $1700. I just did a <strong>Buy to Close<\/strong> which cost me $300. This is a profit of $1400. My $31 Call I have a profit of $500 and my $32 Call I have a $400 profit. This is a total profit of $2300. These positions are closed! The profit is locked in! My stock is down $1850, if I never did a Triple Play Hedge my account would be down the $1850. With my Triple Play Hedge my account is up $450 ($2300 &#8211; $1850 = $450).<\/p>\n<p>What do I want to happen from here. I hope UAL recovers today or tomorrow and I get another 3 Calls sold to do another Triple Play Hedge with higher Strike Prices. Take a look at all the trades below.<\/p>\n<p style=\"text-align: center;\">4\/20\/20 ($28.00) \u2013 Sell to Open 10 UAL 4\/24\/20 $28.00 C @ $1.70 (+$1700)<\/p>\n<p style=\"text-align: center;\">4\/22\/20 \u2013 Buy to Close 10 UAL 4\/24\/20 $28.00 C @ 30\u00a2 (-$300)<\/p>\n<h4 style=\"text-align: center;\">\u00a0<strong>Profit +$1400<\/strong><\/h4>\n<p style=\"text-align: center;\">4\/21\/20 \u2013 Sell to Open 10 UAL 4\/24\/20 $31.00C @ 60\u00a2 (+$600)<\/p>\n<p style=\"text-align: center;\">4\/22\/20 \u2013 Buy to Close 10 UAL 4\/24\/20 $31.00 C @ 10\u00a2 (-$100)<\/p>\n<h4 style=\"text-align: center;\">\u00a0 \u00a0<strong>Profit +$500<\/strong><\/h4>\n<p style=\"text-align: center;\">4\/20\/20 \u00a0\u2013 Sell to Open 10 UAL 4\/24\/20 $32.00 C @ 45\u00a2 (+$450)<\/p>\n<p style=\"text-align: center;\">4\/22\/20 \u2013 Buy to Close 10 UAL 4\/24\/20 $32.00 C @ 5\u00a2 (-$50)<\/p>\n<h4 style=\"text-align: center;\"><strong>Profit $400<\/strong><\/h4>\n<hr \/>\n<p style=\"text-align: left;\">As I write, UAL is up to $26.15. Hopefully I get my Calls sold today.<\/p>\n<p>If you have any questions why I like my Triple Play Hedge strategy, if conditions are correct, send me an email.<\/p>\n<p>Successful Trading,<\/p>\n<p>Steve<\/p>\n<p><em>The Options Coach<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>With United Airlines (UAL) down today I jump out of all positions in my Triple Play Hedge. It&#8217;s only Wednesday, and I had a nice profit on all 3 of my Short Calls, so I decided to get out and hopefully I&#8217;ll be able to get the 3 Calls sold again tomorrow. We&#8217;ll have to [&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-7475","page","type-page","status-publish","hentry"],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/P75MP0-1Wz","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/7475","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=7475"}],"version-history":[{"count":2,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/7475\/revisions"}],"predecessor-version":[{"id":7479,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/7475\/revisions\/7479"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7475"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}