Square (SQ) reported earnings after the opening yesterday, which were a big beat. Barring no market collapse Sq should move up nicely for a while.<\/p>\n
This morning I did a “Buy-Write” with 1000 shares. I bought 1000 shares at $184. I could have just held the stock for a while and enjoyed the inevitable gain, but I decided to stick to my strategy and sell a Call. I went with a 1 day trade. I bought the stock at $184 and sold the $185 Call to expire today. I received a great premium of $3 for $3000. This 1.6% premium would be very nice for a 1 week trade. For a 6 hour trade it’s fantastic!<\/p>\n
Buy 1000 Shares SQ Q $184.00<\/strong><\/p>\n Sell to Open 10 SQ 11\/6\/20 $185.00 C @ $3.00 (+$3000)<\/strong><\/p>\n The way the stock is moving I have to believe I’ll get assigned on this position. With assignment I’ll lock in another $1000 gain with this trade. Clearly this trade gets a Risk Factor 1<\/strong>.<\/p>\n Successful trading,<\/p>\n Steve<\/p>\n The Options Coach<\/em><\/p>\n","protected":false},"excerpt":{"rendered":" Square (SQ) reported earnings after the opening yesterday, which were a big beat. Barring no market collapse Sq should move up nicely for a while. This morning I did a “Buy-Write” with 1000 shares. I bought 1000 shares at $184. I could have just held the stock for a while and enjoyed the inevitable gain, […]<\/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-9246","page","type-page","status-publish","hentry"],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/P75MP0-2p8","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/9246","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=9246"}],"version-history":[{"count":1,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/9246\/revisions"}],"predecessor-version":[{"id":9247,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/9246\/revisions\/9247"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=9246"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}