I bought 1000 shares of Facebook (FB) back on May 11th for $119.90. It was about a week after they reported earnings and the stock was moving nicely. As soon as I bought the stock it peaked and came down a bit. On June 27th it was down to $108. This worried me a little because I was down close to $12 on 1000 shares (-$12,000). On June 27th the stock also hit support and headed up and has continued going up heading into earnings being reported tomorrow. Today with the stock at $121.40 I decided to jump out. Not only did I recover my $12,000 but I sold with the stock up $1.50 (+$1500) from where I bought. I decided to sell for a few reasons. One, I was worried holding the stock into earnings. I didn’t want to take a chance on the stock going down with a earnings report and me having to hold the stock a few more months. Also, 1000 shares of a $121 stock is a lot of money! I wanted to free up that money. I love FB but I don’t like the options. The premiums are not what I look for, and that’s the game I’m in. After earnings the stock could easily go up $10, but it can also go down $10. I feel very comfortable getting out with a $1500 profit and moving on. While holding the stock I also brought in a nice amount of premiums ($) from selling Call. Here’s the orders:<\/p>\n
Profit +$1500<\/p>\n
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I made another trade this morning. You might remember in my last Week Ending Report, I had a 50 contract AKS Covered Call which expired 7\/22\/16. When that Call expired I was assigned on 4000 shares of my 5000 shares. Leaving me with 1000 shares. Well, I just sold that 1000 shares. I no longer own any AK.Steel stock. For now! Here’s the order:<\/p>\n
Assigned on 4000 shares AKS @ $5.50 (+$80)<\/p>\n
Profit on the sale of 1000 shares +$100<\/p>\n
\n
Any questions on these moves, send me an email.<\/p>\n
\n
Steve<\/p>\n
The Options Coach<\/em><\/p>\n","protected":false},"excerpt":{"rendered":" I bought 1000 shares of Facebook (FB) back on May 11th for $119.90. It was about a week after they reported earnings and the stock was moving nicely. As soon as I bought the stock it peaked and came down a bit. On June 27th it was down to $108. This worried me a little […]<\/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-1862","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-u2","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/1862","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=1862"}],"version-history":[{"count":1,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/1862\/revisions"}],"predecessor-version":[{"id":1863,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/1862\/revisions\/1863"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1862"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1862"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1862"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}