On Monday I bought a 2 contract Microsoft (MSFT) option. This was not quite a LEAPS because it’s Expiration Date was 1\/15\/21. LEAPS are consider over a year. This was only a 6 month option. I do not like owning Long Options with less than 6 months to expiration, so I did get into this position as a short term play.<\/p>\n
I bought 2 MSFT 1\/15\/21 $210 Calls for a premium of $18.75. The stock was up the last few days and today the premium was up to $22.25. I decided it was time to sell. I didn’t want to see the stock go down with only 6 months remaining until expiration. If it did, I could lose the profit I have and Time Decay could make it tough to get it back. I locked in $700 and it’s going into my mattress.<\/p>\n
7\/6\/20 – Buy to Open 2 MSFT 1\/15\/21 $210.00 C @ $18.75 \u00a0<\/strong><\/p>\n 7\/9\/20 0 – Sell to Close 2 MSFT 1\/15\/21 $210.00 C @ $22.25<\/strong><\/p>\n This was a 3 day trade with a Return on Investment (ROI) of 18.6%.<\/p>\n I still have 2 more LEAPS positions with MSFT. They are both 1 contract and they expire on1\/21\/22.<\/p>\n Successful trading,<\/p>\n Steve<\/p>\n The Options Coach<\/em><\/p>\n","protected":false},"excerpt":{"rendered":" On Monday I bought a 2 contract Microsoft (MSFT) option. This was not quite a LEAPS because it’s Expiration Date was 1\/15\/21. LEAPS are consider over a year. This was only a 6 month option. I do not like owning Long Options with less than 6 months to expiration, so I did get into this […]<\/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-8040","page","type-page","status-publish","hentry"],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/P75MP0-25G","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/8040","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=8040"}],"version-history":[{"count":1,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/8040\/revisions"}],"predecessor-version":[{"id":8041,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/8040\/revisions\/8041"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=8040"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Profit +$700<\/span><\/h4>\n