{"id":1606,"date":"2016-05-11T12:45:40","date_gmt":"2016-05-11T16:45:40","guid":{"rendered":"http:\/\/www.mainstbeatswallst.com\/?p=1606"},"modified":"2016-05-11T12:45:40","modified_gmt":"2016-05-11T16:45:40","slug":"on-the-amazon-train","status":"publish","type":"post","link":"https:\/\/www.mainstbeatswallst.com\/?p=1606","title":{"rendered":"On the Amazon Train"},"content":{"rendered":"<p>I just returned home from bringing my wife to physical therapy. Two weeks ago she had surgery to repair a torn meniscus. I&#8217;ve been watching Amazon (AMZN) since their great earnings \u00a0report. As I was walking out the door Amazon was moving fast. I hit the button on my computer to buy 100 shares with a market order. I was filled at $711.93. Amazon is probably the hottest stock right now. I&#8217;m back in my office and the stock is at $716.75. I did not buy the shares to just hold them, I bought them to sell a Call against them. As I&#8217;m writing this post to report the purchase of the stock I put in an order to sell 1 contract of the $717.50 Calls expiring this Friday. I&#8217;m trying to get a $7 premium. If I get executed I&#8217;ll get a premium of $700 for a 2 day option. I like this deal! If I get executed on the Call Option and get assigned on Friday it will be a nice 2 day profit; a little over $1250. Lets see how it plays out. Here&#8217;s the buy order for the 100 shared:<\/p>\n<h4 style=\"text-align: center;\"><strong>Buy 100 shares of Amzn @ $711.93<\/strong><\/h4>\n<p>&nbsp;<\/p>\n<p>I know the size of this order looks a little different than my other orders, but this is a stock selling for over $700 per share. At $711.93, thats $71,193 to fill that order. As I always preach, it&#8217;s not about the amount of contracts, it&#8217;s about the <span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"http:\/\/www.mainstbeatswallst.com\/?page_id=379\">Rate of Return<\/a><\/span>. I&#8217;m hoping to get out of this deal this Friday with a return in the area of 2%.<\/p>\n<p>The stock is running as I write. I might change my option order to a higher Strike Price. I&#8217;ll let you know how this works out.<\/p>\n<p>&nbsp;<\/p>\n<p>Steve<\/p>\n<p><em>The Options Coach<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>I just returned home from bringing my wife to physical therapy. Two weeks ago she had surgery to repair a torn meniscus. I&#8217;ve been watching Amazon (AMZN) since their great earnings \u00a0report. As I was walking out the door Amazon was moving fast. I hit the button on my computer to buy 100 shares with [&hellip;]<\/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-1606","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-pU","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/1606","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=1606"}],"version-history":[{"count":1,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/1606\/revisions"}],"predecessor-version":[{"id":1607,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/1606\/revisions\/1607"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1606"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1606"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1606"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}