I’m always a big believer is taking profit, especially in times like this. As you know I’ve been collecting up LEAPS positions. Just because I invest in positions that will not expire for 2 years doesn’t mean I’ll hold them for 2 years. One of the great things about LEAPS is the protection you get from buying a long term option as opposed to a short term option. LEAPS will cost a little more than short term options but the protection you receive is enormous.<\/p>\n
On 4\/2 I bought a 1 contract LEAPS option on Square (SQ). I paid $13 ($1300) and today that option was worth $26 ($2600). This was a 1 month investment and I made a Rate of Return of 100%.<\/p>\n
4\/2\/20 \u2013 Buy to Open 1 SQ 1\/21\/22 $47.50 C @ $13.00\u00a0<\/strong><\/p>\n 5\/4\/20 \u2013 Sell to Close 1 SQ 1\/21\/22 $47.50 C @ $26.00 <\/strong><\/p>\n I like SQ but it did receive a downgrade last week so I figured why not lock in a great return.<\/p>\n This $1300 profit is a nice way to start off a new week. Let’s hope I can have a few more nice profit trades this week.<\/p>\n Successful Trading,<\/p>\n Steve<\/p>\n The Options Coach<\/em><\/p>\n","protected":false},"excerpt":{"rendered":" I’m always a big believer is taking profit, especially in times like this. As you know I’ve been collecting up LEAPS positions. Just because I invest in positions that will not expire for 2 years doesn’t mean I’ll hold them for 2 years. One of the great things about LEAPS is the protection you get […]<\/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-7581","page","type-page","status-publish","hentry"],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/P75MP0-1Yh","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/7581","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=7581"}],"version-history":[{"count":1,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/7581\/revisions"}],"predecessor-version":[{"id":7582,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/7581\/revisions\/7582"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7581"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}\u00a0Profit +$1300<\/strong><\/span><\/h4>\n