{"id":7515,"date":"2020-04-23T16:22:07","date_gmt":"2020-04-23T20:22:07","guid":{"rendered":"http:\/\/www.mainstbeatswallst.com\/?page_id=7515"},"modified":"2020-04-23T16:24:40","modified_gmt":"2020-04-23T20:24:40","slug":"exited-my-ual-put","status":"publish","type":"page","link":"https:\/\/www.mainstbeatswallst.com\/?page_id=7515","title":{"rendered":"Exited My UAL Puts"},"content":{"rendered":"<p>On Monday, with United Airlines (UAL) at $27.97 I sold 10 UAL 4\/24\/20 $25 Puts. I received a 60\u00a2 for $600. Today the market was up most of the day, however, going into the close the market started dropping. With the market going down UAL fell below $26 and closed at $25.72. I really don&#8217;t want to own another 1000 shares of the stock, so with it at $25.70 with another day left to the week, I looked to get out of my $25 Put. The premium was at 25\u00a2 so I thought it was a great opportunity to grab a $350 profit and get out of the obligation to buy the stock if it goes to $25 tomorrow. I put the<strong> Buy to Close<\/strong> order in with 3 minutes to go in the day and I was filled. This was a 3 day trade with a $350 profit. I love it!<\/p>\n<p style=\"text-align: center;\"><strong>4\/20\/20 \u2013 Sell to Open 10 UAL 4\/24\/20 $25.00 P @ 60\u00a2 (+$600)<\/strong><\/p>\n<p style=\"text-align: center;\"><strong>4\/23\/20 \u2013 Buy to Close 10 UAL 4\/24\/20 $25.00 P @ 25\u00a2 (-$250) &nbsp;<\/strong><\/p>\n<h4 style=\"text-align: center;\">&nbsp;&nbsp;<strong>Profit +$350<\/strong><\/h4>\n<p>Take a look at my &#8220;<span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" href=\"http:\/\/www.mainstbeatswallst.com\/?page_id=191\">Active Trades<\/a><\/span>&#8221; page. I have a lot going on. This week I should lock in some nice profits.<\/p>\n<p>Successful Trading,<\/p>\n<p>Steve<\/p>\n<p><em>The Options Coach<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>On Monday, with United Airlines (UAL) at $27.97 I sold 10 UAL 4\/24\/20 $25 Puts. I received a 60\u00a2 for $600. Today the market was up most of the day, however, going into the close the market started dropping. With the market going down UAL fell below $26 and closed at $25.72. I really don&#8217;t [&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-7515","page","type-page","status-publish","hentry"],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/P75MP0-1Xd","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/7515","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=7515"}],"version-history":[{"count":2,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/7515\/revisions"}],"predecessor-version":[{"id":7519,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/7515\/revisions\/7519"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7515"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}