{"id":11792,"date":"2021-06-23T13:24:11","date_gmt":"2021-06-23T17:24:11","guid":{"rendered":"http:\/\/www.mainstbeatswallst.com\/?p=11792"},"modified":"2021-06-23T13:26:43","modified_gmt":"2021-06-23T17:26:43","slug":"grasshopper-trade-with-wish","status":"publish","type":"post","link":"https:\/\/www.mainstbeatswallst.com\/?p=11792","title":{"rendered":"Grasshopper Trade with WISH"},"content":{"rendered":"<p>I know it&#8217;s only Wednesday, but I like the way this week is shaping up. Earlier I bought 200 shares of Contextlogic (WISH) and planned on selling a Call to expire Friday, but the stock dropped a few cents before I was filled. I decided to change the order and sell a Call for next Friday. I bought 200 shares of WISH at $13.65 and sold a 2 contract WISH 7\/2\/21 $14 Call for a premium of $1.25 for $250.<\/p>\n<p style=\"text-align: center;\"><strong>Buy 200 Shares WISH @ $13.65<\/strong><\/p>\n<p style=\"text-align: center;\"><strong>Sell to Open 2 WISH 7\/2\/21 $14.00 C @ $1.25 (+$250)<\/strong><\/p>\n<p>This premium is a return of 9%. This is a new stock and this is a very high premium. I give this trade a <strong>Risk Factor 2<\/strong>.<\/p>\n<p>I have 3 positions going with WISH. I have a 10 contract In-the-Money Covered Call with the Strike Price of $12. I have a 10 Contract Naked Call with the strike Price of $17. And I have the Grasshopper Covered Call above expiring next week.<\/p>\n<p>Successful trading,<\/p>\n<p>Steve<\/p>\n<p><em>The Options Coach<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>I know it&#8217;s only Wednesday, but I like the way this week is shaping up. Earlier I bought 200 shares of Contextlogic (WISH) and planned on selling a Call to expire Friday, but the stock dropped a few cents before I was filled. I decided to change the order and sell a Call for next [&hellip;]<\/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-11792","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\/p75MP0-34c","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/11792","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=11792"}],"version-history":[{"count":3,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/11792\/revisions"}],"predecessor-version":[{"id":11795,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/11792\/revisions\/11795"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11792"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11792"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11792"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}