Yesterday I left my home and computer halfway through the trading day. I had to take a trip to Boston. Before I left I placed an order to “Sell to Close” my 3 contracts of NVDA 1\/15\/21 $499 Calls. When I arrived at my destination I noticed I was filled on my order.<\/p>\n
Selling this position at this time, with 4 months remaining to expiration, is sticking with my plan to get out of as many positions as I can before the election.<\/p>\n
9\/9\/20 \u2013 Buy to Open 3 NVDA 1\/15\/21 $490.00 C @ $76.00<\/strong><\/p>\n 9\/29\/20 \u2013 Sell to Close 3 NVDA 1\/15\/21 $490.00 C @ $81.00 <\/strong><\/p>\n When I bought this option I was hoping to stay in the position for about a week. After I bought there was a pull back with big tech. I had an opportunity to get out with a profit on 9\/15 but with the pull back the size of the profit did not make me happy. Yesterday with the market up, and the position getting old, I placed the order to sell with a $5 profit. I am very happy getting a $5 profit for $1500 on the 3 contracts.<\/p>\n When trading options you must understand that it’s not science. All the indicators we watch that help us predict how much a stock must move for a certain profit changes when there are swings in the stock and Time Decay starts to kick in. These indicators help when everything moves nicely, in a timely manner. The indicators I talk about are all the variables that make up the option’s value, or premium. And of course “The Greeks.”<\/p>\n There is a lot to learn, but if you do, the reward is great. Keep plugging away and send me any questions.<\/p>\n The bottom line is I’m very happy with the profit I made with this position. I held for 3 weeks and made $1500. A return of 6.5%. Not the best but I’ll take it!<\/p>\n Successful trading,<\/p>\n Steve<\/p>\n The Options Coach<\/em><\/p>\n","protected":false},"excerpt":{"rendered":" Yesterday I left my home and computer halfway through the trading day. I had to take a trip to Boston. Before I left I placed an order to “Sell to Close” my 3 contracts of NVDA 1\/15\/21 $499 Calls. When I arrived at my destination I noticed I was filled on my order. Selling 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-8959","page","type-page","status-publish","hentry"],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/P75MP0-2kv","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/8959","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=8959"}],"version-history":[{"count":2,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/8959\/revisions"}],"predecessor-version":[{"id":8963,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/8959\/revisions\/8963"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=8959"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}\u00a0Profit +$1500\u00a0<\/strong><\/span><\/h4>\n