Back on 1\/29\/20 I bought 20 contracts of the Inseego (INSG) 1\/21\/22 $10 LEAPS. Yesterday, late in the day, INSG was up and I decided to take the profit. I put in the order to sell all 20 contracts but right at the close I was filled on only 10 contracts. The result is I’m out of half \u00a0this position and still own 10 contracts. I’m happy it worked out this way because before I placed the order I was thinking of getting out of only \u00a0half the \u00a0position anyway. I really like the stock, but I also like taking profit. So it worked out that I took some profit and I’m still in the stock with a LEAPS.<\/p>\n
I bought this position at $2.60 per share, and with the portion I sold I received $4.70. That’s a $2.10 Profit. On the 10 contracts the profit is $2100. That’s a Return on Investment (ROI) of 80%. That’s not bad for a 4 month investment!<\/p>\n
1\/29\/20 \u2013 Buy to Open 10 INSG 1\/21\/22 $10.00 C @ $2.60<\/strong><\/p>\n 6\/1\/20 \u2013 Sell to Close 10 INSG 1\/21\/22 $10.00 C @ $4.70 <\/strong><\/p>\n This is another example of the power of LEAPS. As in any Long option you have to pick direction correctly. However, when buying short term options you have to pick direction perfectly, and I frown upon anyone buying short term options. Remember, 80% of options bought expire worthless; the entire investment is lost! When buying LEAPS you have at least a year before expiration. If you get direction wrong at least you have a year for the stock to recover. I don’t want Grasshoppers buying options but if you do make sure it’s a LEAPS.<\/p>\n Successful Trading,<\/p>\n Steve<\/p>\n The Options Coach<\/em><\/p>\n","protected":false},"excerpt":{"rendered":" Back on 1\/29\/20 I bought 20 contracts of the Inseego (INSG) 1\/21\/22 $10 LEAPS. Yesterday, late in the day, INSG was up and I decided to take the profit. I put in the order to sell all 20 contracts but right at the close I was filled on only 10 contracts. The result is I’m […]<\/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-7798","page","type-page","status-publish","hentry"],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/P75MP0-21M","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/7798","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=7798"}],"version-history":[{"count":1,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/7798\/revisions"}],"predecessor-version":[{"id":7799,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/7798\/revisions\/7799"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7798"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Profit +$2100<\/strong><\/h4>\n