{"id":1308,"date":"2016-03-08T13:52:41","date_gmt":"2016-03-08T18:52:41","guid":{"rendered":"http:\/\/www.mainstbeatswallst.com\/?p=1308"},"modified":"2016-03-08T13:52:41","modified_gmt":"2016-03-08T18:52:41","slug":"nflx-buy-write","status":"publish","type":"post","link":"https:\/\/www.mainstbeatswallst.com\/?p=1308","title":{"rendered":"NFLX Buy-Write"},"content":{"rendered":"

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

Hello “Main Street beats Wall Street” readers. I am home and back at my desk. I had a great time at Daytona Bike Week! I spent 5 days in Daytona then went down to Ft. Lauderdale for a few days. I always love going to Lauderdale. I had a place for 11 years and it’s great seeing old friends. Daytona was fun because I spent the 5 days with some old FDNY buddies and met a few more people who are now friends. The weather was nice and had a fantastic time on the motorcycle.<\/p>\n

Yesterday while I was traveling I tried to do a Buy-Write<\/a><\/span> with NFLX. Not too often do I do a Buy-Write<\/a><\/span> where I buy the stock and sell a Call on one order. I would normally buy the stock, then sell a Call when I get the premium I desire. For all intents and purposes when I buy a stock and write a Call on a different order I’ll still call it a Buy-Write<\/a><\/span>. Make sure you hit the link and read up on what a Buy-Write is. When you hit the link it will bring you to the page on Covered Calls. Scroll down and you’ll see Buy-Write, but you should read the entire page on Covered Calls….So yesterday I put in the order to buy the stock and it was executed. Then I put in the order to see a Call but it was never executed. While I was trying to sell the Call and traveling I never got to post the buying of the stock. Here’s the order to buy the stock:<\/p>\n

 <\/p>\n

Buy 1000 shares NFLX @ $97.95<\/strong><\/h4>\n

 <\/p>\n

If you follow Main Street beats Wall Street<\/strong> you know I already own NFLX. I put those shares on the back burner until they return to where I bought them. I bought all those shares between $115 and $119. I do not want to sell Calls on them until the stock price gets higher. I don’t want to take a chance on being assigned. I actually transferred them to a different account so they don’t get in my way. I have faith they will return to the higher price.<\/p>\n

With these shares I bought yesterday I just got executed selling a Call. I sold 10 contracts of the 3\/11\/16 $101 Calls and received a premium of $1. On the 10 contracts, thats $1000. This is a Covered Call so I give it a Risk Factor of 1. I’m hoping NFLX goes above 101 by this Friday and I get assigned. If that happens I’ll make $3.05 ($3050) on the stock, plus the premium of $1000 for a total of $4050. I think it would be a nice deal. Let’s see what happens. Here’s the order to sell the Call:<\/p>\n

Sell to Open 10 NFLX 3\/11\/16 $101 C @ $1 (+$1000)<\/strong><\/h4>\n

 <\/p>\n

While in Florida a few more readers signed up to received my email whenever I make a post. I would like to welcome you to “Main Street beats Wall Street”<\/strong> and thank you for joining us. I hope some day I can help you make some money. Do your homework and always remember education, education, education, plus a lot of discipline adds up to being successful. As you do your studying, if you have any question please email me at Coachsjc@gmail.com. Also do not start trading without contacting me!<\/p>\n

To understand this trade above make sure you go to the links below:<\/p>\n

Covered Call<\/a><\/span><\/p>\n

Buy-Write<\/a><\/span><\/p>\n

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

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

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

 <\/p>\n

Steve<\/p>\n

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

 <\/p>\n

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

Hello “Main Street beats Wall Street” readers. I am home and back at my desk. I had a great time at Daytona Bike Week! I spent 5 days in Daytona then went down to Ft. Lauderdale for a few days. I always love going to Lauderdale. I had a place for 11 years and it’s […]<\/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-1308","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-l6","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/1308","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=1308"}],"version-history":[{"count":1,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/1308\/revisions"}],"predecessor-version":[{"id":1309,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/1308\/revisions\/1309"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1308"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1308"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1308"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}