{"id":7958,"date":"2020-06-30T11:49:17","date_gmt":"2020-06-30T15:49:17","guid":{"rendered":"http:\/\/www.mainstbeatswallst.com\/?page_id=7958"},"modified":"2020-06-30T11:49:17","modified_gmt":"2020-06-30T15:49:17","slug":"sold-to-close-a-10-contract-marvel-leaps","status":"publish","type":"page","link":"https:\/\/www.mainstbeatswallst.com\/?page_id=7958","title":{"rendered":"Sold to Close a 10 contract Marvel LEAPS"},"content":{"rendered":"

On 5\/26\/20 I bought 10 contracts of the Marvel (MRVL) $32 LEAPS to expire 1\/21\/22. I’m in this position for 1 month. I hope all the readers understand my LEAPS strategy. I’m not an options buyer! However, buying LEAPS is buying options. The reason I don’t buy options is because I want Time Decay<\/a><\/span> on my side. I get this when I sell options. If I want to take advantage of the leverage of buying options I make it LEAPS. This doesn’t mean I want to hold the LEAPS until expiration. I buy the LEAPS as protection against Time Decay, as opposed to buying short term options where Time Decay kills you if you don’t pick direction perfectly. I buy LEAPS, as some buy short term options, Only I pay a little more and get a lot more protection.<\/p>\n

FACT! 80% of options bought expire worthless. You see me “Sell to Close” my LEAPS option frequently, let me know how many are losers, or expire worthless. Well, here’s another one. I just sold my 10 contracts of the MRVL LEAPS I bought in May. I paid $6.50 and I just sold for $8.77. This is a $2.27 profit on the 1000 shares. That’s $2270 in one month. This is a Return on Investment (ROI) of 35%. Yes, one month, 35%! This is the power of LEAPS with a lot less risk than buying short term options. With LEAPS if your stock take a dip you have plenty of time for it to recover. With short term options you don’t!<\/p>\n

5\/26\/20 \u2013 Buy to Open 10 MRVL 1\/21\/22 $32.00 C @ $6.50<\/strong><\/p>\n

6\/30\/20 \u2013 Sell to Close 10 MRVL 1\/21\/22 $32.00 C @ $8.77 <\/strong><\/p>\n

Profit (+$2270)<\/strong><\/span><\/h4>\n

Stay away from short term options! Especially of you’re a Grasshopper!<\/p>\n

Successful trading,<\/p>\n

Steve<\/p>\n

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

On 5\/26\/20 I bought 10 contracts of the Marvel (MRVL) $32 LEAPS to expire 1\/21\/22. I’m in this position for 1 month. I hope all the readers understand my LEAPS strategy. I’m not an options buyer! However, buying LEAPS is buying options. The reason I don’t buy options is because I want Time Decay on […]<\/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-7958","page","type-page","status-publish","hentry"],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/P75MP0-24m","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/7958","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=7958"}],"version-history":[{"count":1,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/7958\/revisions"}],"predecessor-version":[{"id":7959,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/7958\/revisions\/7959"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7958"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}