{"id":1283,"date":"2016-02-26T10:44:50","date_gmt":"2016-02-26T15:44:50","guid":{"rendered":"http:\/\/www.mainstbeatswallst.com\/?p=1283"},"modified":"2016-02-26T10:44:50","modified_gmt":"2016-02-26T15:44:50","slug":"fb-nflx-calls","status":"publish","type":"post","link":"https:\/\/www.mainstbeatswallst.com\/?p=1283","title":{"rendered":"FB & NFLX Calls"},"content":{"rendered":"

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

Today when the market opened oil was up a little over a dollar and the Gross Domestic Product (GDP) report beat \u00a0analysts expectations.\u00a0Gross Domestic Product is the broadest quantitative measure of a nation’s total economic activity. More specifically, GDP represents the monetary value of all goods and services produced within a nation’s geographic borders over a specified period of time. With oil up and a good report on the U.S. GDP, the market opened very strong, especially the FANG stocks. With Facebook (FB) and Netflix (NFLX) up big early I sold Calls on my 2 stock holdings. With FB up over 109 it’s getting close to where I purchased the stock. I own 1000 shares at $111.50 and 500 shares at $100.50. I am up big on the 500 shares but I won’t be even on the 1000 shares until the stock gets to $111.50. I sold 15 contracts of the next Friday’s $111.00 and brought in a $1 premium. If I get assigned on these shares I’ll be up $11 on the 500 shares and be even and on the 1000 shares. Here’s the order:<\/p>\n

Sell to Open 15 FB 3\/4\/16 $111.00 C @ $1 (+$1500)<\/strong><\/h4>\n

 <\/p>\n

With NFLX up over 97, I sold 10 contracts of the $101.00 Calls. I also got $1 for this Call. I’m not in as good a situation with NFLX as I am with FB but it’s getting up to where I feel very comfortable selling Calls. With FB I hope the stock price stays up at these levels. It it does I really don’t care if I get assigned or not. With NFLX I would like to see the stock stay below my Strike Price so I don’t get assigned. I want to hold it until it gets above my purchase price. Here’s the sell order for the Call:<\/p>\n

Sell to Open 10 NFLX 3\/4\/16 $101.00 C @ $1 (+$1000)<\/strong><\/h4>\n

 <\/p>\n

Both of these options are Covered Calls so I put a Risk Factor of 1.<\/p>\n

As I’m writing this both FB and NFLX are off their highs of the day. So are the Dow, Nasdaq and the S&P.<\/p>\n

 <\/p>\n

Term to understand:<\/p>\n

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

 <\/p>\n

Steve<\/p>\n

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

Today when the market opened oil was up a little over a dollar and the Gross Domestic Product (GDP) report beat \u00a0analysts expectations.\u00a0Gross Domestic Product is the broadest quantitative measure of a nation’s total economic activity. More specifically, GDP represents the monetary value of all goods and services produced within a nation’s geographic borders over […]<\/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-1283","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-kH","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/1283","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=1283"}],"version-history":[{"count":1,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/1283\/revisions"}],"predecessor-version":[{"id":1284,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/1283\/revisions\/1284"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1283"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1283"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1283"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}