{"id":1273,"date":"2016-02-22T11:46:03","date_gmt":"2016-02-22T16:46:03","guid":{"rendered":"http:\/\/www.mainstbeatswallst.com\/?p=1273"},"modified":"2016-02-22T11:46:03","modified_gmt":"2016-02-22T16:46:03","slug":"nflx-covered-call-2","status":"publish","type":"post","link":"https:\/\/www.mainstbeatswallst.com\/?p=1273","title":{"rendered":"NFLX Covered Call"},"content":{"rendered":"

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

The market has been moving pretty well the last week or so. Oil is up and it looks like we’re in a little rally. I’m not sure if I trust it but NFLX is up $2.60 right now so I just sold 10 contracts to take advantage of the higher premium. I really don’t want to get called out of my shares because I bought the shares for $115 and I sold the $95 Calls. I’m hoping the stock does not hit $95 by Friday. If it does , no biggie, I’ll buy the shares back and hold the stock until it goes to my purchase price of $115. I sold the 5 day option and got a premium of $1. On the 10 contracts the total premium is $1000. here’s the order:<\/p>\n

Sell to Open 10 NFLX 2\/26\/16 $95 C @ $1<\/strong><\/h4>\n

 <\/p>\n

I gave this trade a Risk Factor of 2. A Covered Call would normally be a 1 but there is a good chance of getting assigned. I bought the stock at $115 and it’s way down from there. If I get assigned at 95 and the stock is at 96 or 97 I would be selling my stock at $95. I do not want this to happen because I want to hold the stock until it gets to my purchase price so I don’t lose money on the stock. Either way I keep my $1000 premium. I guess I don’t trust this rally and I feel NFLX will not hit $95. Let’s watch and see.<\/p>\n

 <\/p>\n

Hit the link below. It will bring you to the “Stock\/Option Glossary.”<\/p>\n

Assignment<\/a><\/span><\/p>\n

 <\/p>\n

Steve<\/p>\n

The Options Coach<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

The market has been moving pretty well the last week or so. Oil is up and it looks like we’re in a little rally. I’m not sure if I trust it but NFLX is up $2.60 right now so I just sold 10 contracts to take advantage of the higher premium. I really don’t want […]<\/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-1273","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-kx","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/1273","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=1273"}],"version-history":[{"count":1,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/1273\/revisions"}],"predecessor-version":[{"id":1274,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/1273\/revisions\/1274"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1273"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1273"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1273"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}