{"id":1039,"date":"2016-01-12T10:43:02","date_gmt":"2016-01-12T15:43:02","guid":{"rendered":"http:\/\/www.mainstbeatswallst.com\/?p=1039"},"modified":"2016-01-12T10:43:02","modified_gmt":"2016-01-12T15:43:02","slug":"fb-calls","status":"publish","type":"post","link":"https:\/\/www.mainstbeatswallst.com\/?p=1039","title":{"rendered":"FB Calls"},"content":{"rendered":"

\"Screen<\/a><\/p>\n

Yesterday I wrote that I bought 1000 shares of FB very close to the close of the market. I wanted to sell A Covered Call on the shares but I didn’t get a good opportunity. This morning FB was up to $99.90. I bought at $96.36. With a nice gain and the premiums much more attractive this morning than yesterday I just sold a Call. I sold 10 contracts of FB $100 Calls expiring this Friday and I received a premium of $1.15. On the 10 contracts (1000 shares) thats $1150. Here’s the order:<\/p>\n

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Sell to Open 10 FB 1\/15\/16 $100 C @ $1.15<\/strong><\/h4>\n

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If FB continues to move and goes above $100 and is still above $100 this Friday I’ll get assigned. If that happens I’ll make $3.64 on the stock. On the 1000 shares the stock profit would be $3640 and the premium of $1150 would give me a profit of $4790. That would be incredible! I like to lose the stock most of the time and this is one of those times. If the stock doesn’t hit $100 I keep the stock, keep the $1150 premium and sell another Call when the opportunity best presents it’s self. For this trade I put a Risk Factor of 1. A Covered Call on a previously owned stock like FB is a low risk trade.<\/p>\n

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On a different not I started a new page. It’s in the top menu bar. It’s called “Message of the day.”<\/strong> I am very cognizant of the volume of my trades and the amount of emails I’m sending. In an attempt to send less emails when making a lot of trades I made a message page. This page will be for lessons, Ideas, comments and maybe a report on a trade made or any other info I want to get to you. You can check the blog site at your convenience to see any message I wrote. Hopefully this will cut down on the emails you receive leaving the emails to trades.<\/p>\n

There’s a new message in “Message of the Day”<\/strong> now.<\/p>\n

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Watch to see how the FB trade works out. This can be interesting! I would love to put the $4790, you know where. No! not there…… in the mattress!<\/p>\n

 <\/p>\n

 <\/p>\n

Steve<\/p>\n

The Options Coach<\/em><\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Yesterday I wrote that I bought 1000 shares of FB very close to the close of the market. I wanted to sell A Covered Call on the shares but I didn’t get a good opportunity. This morning FB was up to $99.90. I bought at $96.36. With a nice gain and the premiums much more […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false},"version":2}},"categories":[1],"tags":[],"class_list":["post-1039","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75MP0-gL","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/1039","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"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=1039"}],"version-history":[{"count":1,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/1039\/revisions"}],"predecessor-version":[{"id":1041,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/1039\/revisions\/1041"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1039"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1039"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1039"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}