I bought a position with Facebook (META) in June. I bought 1 META 1\/17\/25 $510 Call for $62. I bought this position with the stock in the $510 area. META has been active lately with an upward trend. This morning the stock popped at the open so I decided to sell the position. With this political landscape you never know what might happen. Holding a long Call position can get scary. One large dip and the stock might not recover before expiration. I ended up selling the position for $70 for a $800 profit.<\/p>\n
6\/12\/24 \u2013 Buy to Open 1 META 1\/17\/25 $510.00 C @ $62.00\u00a0<\/strong><\/p>\n 8\/22\/24 \u2013 Sell to Close 1 META 1\/17\/25 $510.00 C @ $70.00<\/strong><\/p>\n This is about a 13% gain for the 2 month position.<\/p>\n Later in the day the stock pulled back a bit. I still like the stock so I decided to buy another Call with the lower price. With the stock in the $530 area I bought 1 contract of the META 6\/20\/25 $530 Call for $82. Notice this expiration goes out to June. I sold my January Call for a $800 profit and bought another Call going out to June. This position gives me a lot more time protection.<\/p>\n 8\/22\/24 \u2013 Buy to Open 1 META 6\/20\/25 $530.00 C @ $82.00<\/strong><\/p>\n <\/p>\n I’m still waiting for META to possibly announce a split.<\/p>\n Any questions send me an email.<\/p>\n Successful trading,<\/p>\n Steve<\/p>\n The Options Coach<\/em><\/p>\n","protected":false},"excerpt":{"rendered":" I bought a position with Facebook (META) in June. I bought 1 META 1\/17\/25 $510 Call for $62. I bought this position with the stock in the $510 area. META has been active lately with an upward trend. This morning the stock popped at the open so I decided to sell the position. With this […]<\/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-14454","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\/p75MP0-3L8","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/14454","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=14454"}],"version-history":[{"count":1,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/14454\/revisions"}],"predecessor-version":[{"id":14455,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/14454\/revisions\/14455"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=14454"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=14454"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=14454"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Profit +$800<\/strong><\/h4>\n