{"id":1215,"date":"2016-02-03T15:21:47","date_gmt":"2016-02-03T20:21:47","guid":{"rendered":"http:\/\/www.mainstbeatswallst.com\/?p=1215"},"modified":"2016-02-03T15:21:47","modified_gmt":"2016-02-03T20:21:47","slug":"back-trading","status":"publish","type":"post","link":"https:\/\/www.mainstbeatswallst.com\/?p=1215","title":{"rendered":"Back Trading"},"content":{"rendered":"

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

As I finished my last post the Dow started moving up fast and it jumped 150 points in a very short time. I’m not sure why but I decided to get back in the game. I bought 1000 shares of Facebook (FB) with the thought of selling a Call. I got in the stock at $111.50. Earlier in the week FB came out with record braking earnings so I feel comfortable owning the stock. It really became the new superstar stock! Here’s my buy order:<\/p>\n

Buy 1000 shares FB @ $111.50<\/strong><\/h4>\n

 <\/p>\n

After I was executed with my buy order the stock kept moving up. With the stock up to $113.10 I decided to sell a 3 day Call with the Strike Price of $114. This Call gave me a premium of $1.00. With the way the market has been moving who knows what tomorrow will bring. If the market goes up the odds are FB will blow through my Strike Price of $114. But we all know too well the market could easily go down. Either way I like FB for this trade. Since FB is a superstar stock and this is a Covered Call I give this a Risk Factor of 1. Here’s the option sale order:<\/p>\n

Sell to Open 10 FB 2\/5\/16 $114 C @ $1.00 (+$1000)<\/strong><\/h4>\n

 <\/p>\n

If you are new to “Main Street beats Wall Street” I now have links. If FB blows throughs the Strike Price I have an opportunity lost. To under this order go to the following links:<\/p>\n

Opportunity Lost<\/a><\/p>\n

Option Order Form<\/a><\/p>\n

 <\/p>\n

It feel good to be back! Stay tuned to see how these trades work.<\/p>\n

 <\/p>\n

Steve<\/p>\n

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

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

As I finished my last post the Dow started moving up fast and it jumped 150 points in a very short time. I’m not sure why but I decided to get back in the game. I bought 1000 shares of Facebook (FB) with the thought of selling a Call. I got in the stock at […]<\/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-1215","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-jB","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/1215","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=1215"}],"version-history":[{"count":1,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/1215\/revisions"}],"predecessor-version":[{"id":1216,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/1215\/revisions\/1216"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1215"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1215"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1215"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}