{"id":1702,"date":"2016-06-17T16:25:02","date_gmt":"2016-06-17T20:25:02","guid":{"rendered":"http:\/\/www.mainstbeatswallst.com\/?p=1702"},"modified":"2016-06-17T16:25:02","modified_gmt":"2016-06-17T20:25:02","slug":"yelp-roll-out","status":"publish","type":"post","link":"https:\/\/www.mainstbeatswallst.com\/?p=1702","title":{"rendered":"YELP Roll Out"},"content":{"rendered":"<p>I have a YELP Naked Call expiring today. This Call has a Strike Price of $26. With the \u00a0stock well above the Strike Price, at the close I just did a Roll Out. This is the second Roll Out I did in this active position. There are 5 trades involved in this active position so instead of me listing all the trades please go to my &#8220;<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"http:\/\/www.mainstbeatswallst.com\/?page_id=191\">Active Trades\/Current Position<\/a><\/span>&#8221; and look at the trades involved. When selling Calls, especially Naked Call you must understand <span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"http:\/\/www.mainstbeatswallst.com\/?page_id=586\">Rolling<\/a><\/span>. Sometimes I just do a Roll Out which is changing your Expiration Date. But this time I did a Roll Up &amp; Out. I changed the Expiration Date out 2 weeks and the Strike Price up from $26 to $26.50. I bought back a Call which had an Expiration Date of today and changed it to July 1st. I also changed my Strike Price from $26 to $26.50. Today YELP closed at $26.92. With this new Call I need the stock to go down to below $26.50 and not $26. This gives my new Call a better shot at expiring worthless. If my Call expires worthless I get to keep the entire premium. Here&#8217;s the sell order for the Call Option:<\/p>\n<p>&nbsp;<\/p>\n<p style=\"text-align: center;\"><span style=\"text-decoration: underline;\"><strong>Roll Up &amp; Out<\/strong><\/span><\/p>\n<h4 style=\"text-align: center;\"><strong>Sell to Open &#8211; 10 YELP 7\/1\/16 $26.50 C @ $1.20 (+$1200)\u00a0<\/strong><\/h4>\n<p>&nbsp;<\/p>\n<p>For you beginners please email me if you don&#8217;t understand this. This is a MUST understand subject. Don&#8217;t get discouraged! Keep reading and keep the emails coming.<\/p>\n<p>Have a nice weekend!<\/p>\n<p>&nbsp;<\/p>\n<p>Steve<\/p>\n<p><em>The Options Coach<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>I have a YELP Naked Call expiring today. This Call has a Strike Price of $26. With the \u00a0stock well above the Strike Price, at the close I just did a Roll Out. This is the second Roll Out I did in this active position. There are 5 trades involved in this active position so [&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-1702","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-rs","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/1702","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=1702"}],"version-history":[{"count":1,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/1702\/revisions"}],"predecessor-version":[{"id":1704,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/1702\/revisions\/1704"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1702"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1702"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1702"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}