Main Street beats Wall Street’s loyal readers know I’ve been involved in Inseego (INSG) for a while now. My most recent trade was on 6\/30\/20 where I sold a 10 contract long LEAPS I’ve been holding. I bought the 10 contracts at $2.60 and sold them at $4.60 making a $2000 profit. I still own another 20 contract Call which is listed on my “Active Trades\/Current Positions” page.<\/p>\n
INSG has been in the news recently as a big 5G play. Yesterday the stock started to move out of it’s $10 – $12 range. Today it’s up oner a $1, close to 10%.<\/p>\n
Yesterday I was trying to do a Covered Call, but the Call at the premium I wanted was not filled. I bought 1000 shares at $12.75 and I was trying to get filled on a $12.50 Call for a premium of $2. INSG does not have weekly options so I was using the 8\/24\/20 Expiration Date. I was doing an In-the-Money Call for the premium only. I’m happy I wasn’t filled because the stock is on the move again today because it’s getting a lot of attention. At the moment I might just watch the stock and see where it could go. If it goes a little higher I might try to sell the $15 Call.<\/p>\n
I never reported the buying of the stock because I was waiting to get filled on the Call to report the 2 trades of the Covered Call on one post. It never happened so I’m reporting the buying of the stock now.<\/p>\n
Buy 1000 Shares of INSG @ $12.75<\/strong><\/p>\n I would like to make a lot more trades with INSG but they don’t have weekly options. And weekly options is my strategy. I’m hoping they will have them soon.<\/p>\n If I go for the 8\/24\/20 $15 Call I can get over a 10% return for the premium only. That isn’t bad for the 24 day trade. If I got assigned on this Call I would make another $2.25 on the stock sale for $2250. This would be a nice 24 day trade. I’ll let you know if I decide to sell the Call,<\/p>\n Successful trading,<\/p>\n Steve<\/p>\n The Options Coach<\/em><\/p>\n","protected":false},"excerpt":{"rendered":" Main Street beats Wall Street’s loyal readers know I’ve been involved in Inseego (INSG) for a while now. My most recent trade was on 6\/30\/20 where I sold a 10 contract long LEAPS I’ve been holding. I bought the 10 contracts at $2.60 and sold them at $4.60 making a $2000 profit. I still own […]<\/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-8268","page","type-page","status-publish","hentry"],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/P75MP0-29m","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/8268","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=8268"}],"version-history":[{"count":1,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/8268\/revisions"}],"predecessor-version":[{"id":8269,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/8268\/revisions\/8269"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=8268"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}