{"id":1747,"date":"2016-06-27T12:05:50","date_gmt":"2016-06-27T16:05:50","guid":{"rendered":"http:\/\/www.mainstbeatswallst.com\/?p=1747"},"modified":"2016-06-27T12:05:50","modified_gmt":"2016-06-27T16:05:50","slug":"out-of-yelp-rolled-out-calls","status":"publish","type":"post","link":"https:\/\/www.mainstbeatswallst.com\/?p=1747","title":{"rendered":"Out of YELP (Rolled Out) Calls"},"content":{"rendered":"

On May 23rd I sold a Naked Call on YELP. I sold 10 contracts of the YELP $25 Calls to expire May 27th. YELP started getting upgrades from multiple banks and the stock has been moving up. On Expiration Day I had to do a Roll Out because the stock was In-the-Money. YELP has been moving so good I had to do another Roll Out. With the stock moving down as a result of the Brexit, today I had an opportunity to get out of this “Active Roll Out” position, so I got out! This Roll Out position involved 6 trades. I’m glad to get out because I think the market’s going to recover and I didn’t want to continue Rolling. After all is said and done I was able to get out with a profit. It was a small profit, but it was a profit! Any time I end a position and I didn’t lose money I’m happy! Below is a copy of all<\/strong> the trades, the last being the trade I just made to finalize the position.<\/p>\n

5\/23\/16 – Sell to Open 10 YELP 5\/27\/16 $25 C @ $.65 (+$650) Closed – Rolled Out<\/p>\n

5\/27\/16 – Buy to Close 10 YELP 5\/27\/16 $25 C @ $.87 (-$870) Closed -$220<\/p>\n

5\/27\/16 – Sell to Open 10 YELP 6\/17\/16 $26 C @ $1.00 (+$1000) Roll Out<\/p>\n

6\/17\/16 – Buy to Close 10 YELP 6\/17\/16 $26 C @ $1.00 (-$1000) Closed<\/p>\n

6\/17\/16 – Sell to Open 10 YELP 7\/1\/16 $26.50 C @ $1.20 (+$1200) Roll Out<\/p>\n

6\/27\/16 – Buy to Close 10 YELP 7\/1\/16 $26.50 C @ $.85 (-$850) Closed<\/p>\n

\n

I know this can be confusing so any questions please email me. The bottom line is, if you add up all the money figures I received as premiums, and money I spent to close a position, the final total is +$130. This is another example of how a Roll Out prevented me from losing money. As I said, this isn’t the best outcome but I didn’t lose money. I’ll take it!<\/p>\n

\n

Total Profit +$130\u00a0<\/strong><\/p>\n

\n

This money is not<\/strong> going in the mattress. Tonight I’m going out to dinner!<\/p>\n

\n

Steve<\/p>\n

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

On May 23rd I sold a Naked Call on YELP. I sold 10 contracts of the YELP $25 Calls to expire May 27th. YELP started getting upgrades from multiple banks and the stock has been moving up. On Expiration Day I had to do a Roll Out because the stock was In-the-Money. YELP has been […]<\/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-1747","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-sb","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/1747","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=1747"}],"version-history":[{"count":1,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/1747\/revisions"}],"predecessor-version":[{"id":1748,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/1747\/revisions\/1748"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1747"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1747"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1747"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}