{"id":1427,"date":"2016-04-04T13:36:26","date_gmt":"2016-04-04T17:36:26","guid":{"rendered":"http:\/\/www.mainstbeatswallst.com\/?p=1427"},"modified":"2016-04-04T13:36:26","modified_gmt":"2016-04-04T17:36:26","slug":"still-working-with-gpro","status":"publish","type":"post","link":"https:\/\/www.mainstbeatswallst.com\/?p=1427","title":{"rendered":"Still Working With GPRO"},"content":{"rendered":"

\"Screen<\/a>You must go to the link GPRO Calls<\/a>. This is a post I wrote on Jan 22, 2016 where I sold a Call on GPRO. I’ve been holding GPRO since I bought 2000 shares on Jan 5, 2016 for $19.89. On Jan 4th with the stock at $18.50 I sold 20 contracts of GPRO $20 Naked Calls with a Expiration Date 4 day away, 1\/8\/16. I brought in a premium of $520. On Jan 5th the stock had a big pop. The stock went up close to my Strike Price which forced me to cover my Naked Call by buying the stock at $19.89. I didn’t want to own the stock but I had a fear the stock was going well above my Strike Price. At this point I had a Covered call. As soon as I bought the 2000 shares at $19.89 the stocked reversed and started down. This is my biggest fear with Covered Calls. I really don’t like owning stock! In the next few days GPRO went all the way down to the $11 area. The option expired and I kept the entire premium but I was holding a stock much lower than where I bought. This shit happens and you have to deal with it. I could have sold the stock, take the loss, and move on, or hold the stock until it recovers. I didn’t want to sell at a big loss on 2000 share so I decided to hold the stock and sell Calls as I wait it out.<\/p>\n

In the post I asked you to go to, GPRO Calls<\/a><\/span>, I sold a Call and brought in an $1100 premium on 2000 shares of GPRO at $11.15. Thats a Rate of Return<\/a><\/span> of 5% and it was a 3 month option. On Jan 22nd the premium was at $.55. With the time Decay the premium is down to $.02. Now that this option is just about to expire I just sold another Call. I sold 20 contracts of GPRO 7\/15\/16 $16 Call and a got $.70 premium for a total of $1400. This is another 6% I’m receiving for a 3 month option. I love this Rate of Return! This is a great way to bring in cash while I wait forGPRO to recover to my purchase price. With my original Call I sold, I received a premium of $520. Then the stock went down I sold the last Call for the $1100 and now today I sold another Call for $1400. So far as I wait for GPRO to recover I brought in $2500 in premiums. I’m turning GPRO into a money making machine. Where are you going to get this type of return? Not in a bank! I look at this a turning a bad situation into a good one. I hope it continues! I feel like I don’t even have to look at GPRO for the next 3 months and I’m making nice money. Without even blinking, this trade on a previously owned stock has a Risk Factor<\/strong> of 1 Here’s the order for today’s option sale:<\/p>\n

Sell to Open 20 GPRO 7\/15\/16 $16 C @ $.70 (+$1400)<\/strong><\/h4>\n

 <\/p>\n

This has been a crazy busy Monday and I might not be done!<\/p>\n

 <\/p>\n

Steve<\/p>\n

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

You must go to the link GPRO Calls. This is a post I wrote on Jan 22, 2016 where I sold a Call on GPRO. I’ve been holding GPRO since I bought 2000 shares on Jan 5, 2016 for $19.89. On Jan 4th with the stock at $18.50 I sold 20 contracts of GPRO $20 […]<\/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-1427","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-n1","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/1427","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=1427"}],"version-history":[{"count":1,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/1427\/revisions"}],"predecessor-version":[{"id":1428,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/1427\/revisions\/1428"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1427"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1427"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1427"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}