I placed 3 trades and I was filled on all.<\/p>\n
Back on 7\/23\/20 I bought 10 LEAPS with AT&T (T). I bought 10 contracts of the \u00a0AT&T 1\/21\/22 $30 Calls. I paid a premium of $3 for a total of $3000. At the time I liked the telecom stocks and AT&T was my favorite. It did not move much in the 5 months since I bought the position so I decided to jump ship with a small profit.<\/p>\n
7\/23\/20 \u2013 Buy to Open 10 T 1\/21\/22 $30.00 C @ $3.00<\/strong><\/p>\n 12\/9\/20 \u2013 Sell to Close 10 T 1\/21\/22 $30.00 C @ $3.20 <\/strong><\/p>\n Whenever I buy an option, even if it’s a LEAPS, I want it to move fast. I want to get profit, get out, and move on! I buy the longer term options for protection against Time Decay just in case the stock doesn’t move fast. With this position I only made $200, but if I bought a short term option I would have lost money – for sure! The stock just didn’t move fast enough.<\/p>\n If you’re gonna buy options be very careful! Know how premiums are priced and know exactly how Time Decay works.<\/p>\n On Monday, with Crowdstrike (CRWD) at $171 I sold 10 contracts of the 12\/11\/20 $180 Naked Call. I received a premium of $1.35. With a Naked Call, clearly I don’t want the stock to go up. I want my Call to expire with the stock below $180.<\/p>\n In the last few days CRWD moved up and got uncomfortably close to my Strike Price. Today the stock was up again. An hour or 2 into the trading day the market reversed and CRWD started down. With the stock down $10, and the premium at 30\u00a2, I decided to close the position and lock in a $1050 profit. The odds are the stock would not get up to my Strike Price by Friday, but you never know. Why mess around with a Naked Call on a very volatile stock? This position is closed!<\/p>\n 12\/7\/20 \u2013 Sell to Open 10 CRWD 12\/11\/20 $180.00 C @ $1.35 (+$1350)<\/strong><\/p>\n 12\/9\/20 \u2013 Buy to Close 10 CRWD 12\/11\/20 $180.00 C @ 30\u00a2 (-$300) <\/strong><\/p>\n With Nvidia (NVDA) down with the rest of the market I was thinking of buying 200 shares at $520 and selling a Call to expire on Friday. As the stock continued down I figured, why not get paid to buy the stock? I sold 2 contracts of the 12\/11\/20 $512.50 Puts and took in a premium of $2.50 for $500.<\/p>\n I was gonna buy at $520, but now I brought in a $500 premium and I’ll buy the stock at $512.50, if the stock gets down to that price. If the stock doesn’t get down to that price the Put will expire and I keep the $500. If the stock gets down to $521.50, I’ll have the stock put to me at that price, and I also keep the $500 premium.<\/p>\n Sell to Open 2 NVDA 12\/11\/20 $512.50 P @ $2.50 (+$500)<\/strong><\/p>\n The market is looking pretty ugly! I’m looking OK!<\/p>\n Successful trading,<\/p>\n Steve<\/p>\n The Options Coach<\/em><\/p>\n","protected":false},"excerpt":{"rendered":" I placed 3 trades and I was filled on all. Back on 7\/23\/20 I bought 10 LEAPS with AT&T (T). I bought 10 contracts of the \u00a0AT&T 1\/21\/22 $30 Calls. I paid a premium of $3 for a total of $3000. At the time I liked the telecom stocks and AT&T was my favorite. It […]<\/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-9540","page","type-page","status-publish","hentry"],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/P75MP0-2tS","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/9540","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=9540"}],"version-history":[{"count":1,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/9540\/revisions"}],"predecessor-version":[{"id":9541,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/9540\/revisions\/9541"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=9540"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Profit +$200<\/strong><\/span><\/h4>\n
\nProfit +$1050\u00a0<\/strong><\/span><\/h4>\n
\n