On Monday, March 14th I sold a Call on NFLX. I sold 10 Contracts of the NFLX 3\/18\/16 $101 Calls @ $1.50 (+$1500). With the stock at $100.85 and the market rallying into the close I just bought back the Calls. I paid $.08 (-$80). I paid $80 to get out of the deal just in case NFLX makes a move above the Strike Price of $101. I really didn’t want to lose the stock. This deal is over and I keep the stock. I’m thinking the market is moving pretty well and I wanted to be holding the stock on Monday morning in case of a pre-market move. I’m hoping to sell another Call on Monday. I bought the stock at $97.95 and it’s at $100.85 as I write. I like where I stand with this 1000 shares plus I put the premium of $1420 in my mattress. I sold the Call and brought in $1500 and paid $80 to get out for a profit of $1420. Here’s the buy order:<\/p>\n
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If you have any question on this option or my strategy email me.<\/p>\n
Have a great weekend.<\/p>\n
It is 3:53, 7 minutes to close. I’ll send this out exactly at the close to let you know what NFLX closes. I love Expiration Day!<\/p>\n
<\/p>\n
NFLX closed at $101.12<\/strong><\/span><\/p>\n I would have lost my stock! I bought the call back at $.08 so I keep the 1000 shares.<\/p>\n <\/p>\n <\/p>\n Steve<\/p>\n The Options Coach\u00a0<\/em><\/p>\n","protected":false},"excerpt":{"rendered":" On Monday, March 14th I sold a Call on NFLX. I sold 10 Contracts of the NFLX 3\/18\/16 $101 Calls @ $1.50 (+$1500). With the stock at $100.85 and the market rallying into the close I just bought back the Calls. I paid $.08 (-$80). I paid $80 to get out of the deal just […]<\/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-1343","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-lF","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/1343","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=1343"}],"version-history":[{"count":1,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/1343\/revisions"}],"predecessor-version":[{"id":1344,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/1343\/revisions\/1344"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1343"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1343"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1343"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}