{"id":1651,"date":"2016-05-24T12:56:58","date_gmt":"2016-05-24T16:56:58","guid":{"rendered":"http:\/\/www.mainstbeatswallst.com\/?p=1651"},"modified":"2016-05-24T18:34:19","modified_gmt":"2016-05-24T22:34:19","slug":"facebook-call-covered-call","status":"publish","type":"post","link":"https:\/\/www.mainstbeatswallst.com\/?p=1651","title":{"rendered":"Facebook Covered Call"},"content":{"rendered":"

\"Risk1\"<\/a><\/p>\n

I own 2000 shares of Facebook (FB). 1000 I bought on 4\/5\/16 @ $113. The other 1000 I bought on 5\/11\/16 @ $119.90. On the first 1000 shares I just sold a Covered Call. I’ve been selling Call since I bought the shares and have been bringing in some nice premiums. FB has been lying low lately. It’s been moving between $116 and $118. Today the stock hit $117.45 and I sold the $118 Strike Price Calls on the 1000 shares I got at $113. I really wanted to sell the $120’s on the entire 2000 shares but couldn’t get a good premium without going out a few weeks. I sold 10 contracts of the 5\/27\/16 $118 Calls for a premium of $.55 ($550). This trade has a Risk Factor<\/strong> of 1. It’s a Covered Call on previously owned stock and the stock is almost $5 above where I bought. I wanted $120 but this is a great situation whether I get assigned or not. Here’s the sell order:<\/p>\n

Sell to Open 10 FB5\/27\/16 $118 C @ $.55 (+$550)<\/strong><\/h4>\n

 <\/p>\n

I put in an order to sell a Call on the other 1000 shares but didn’t get executed yet. I’m look for a $.50 premium on a $120 Call to expire Friday June 3rd (next Friday).<\/p>\n

 <\/p>\n

Take a look at today’s “Message of the Day<\/a><\/span>.” I talk a little about my preference to Naked Call above Covered Calls.<\/p>\n

 <\/p>\n

Any questions, please email me!<\/p>\n

 <\/p>\n

Steve<\/p>\n

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

I own 2000 shares of Facebook (FB). 1000 I bought on 4\/5\/16 @ $113. The other 1000 I bought on 5\/11\/16 @ $119.90. On the first 1000 shares I just sold a Covered Call. I’ve been selling Call since I bought the shares and have been bringing in some nice premiums. FB has been lying […]<\/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-1651","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-qD","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/1651","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=1651"}],"version-history":[{"count":2,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/1651\/revisions"}],"predecessor-version":[{"id":1658,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/1651\/revisions\/1658"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1651"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1651"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1651"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}