If you read my last post “Results week ending 7\/29\/16” you are aware I was in Boston for Expiration Day and I had wifi problems at my hotel. My 50 contract YELP Call was In-the-Money and I had to make an adjustment trade. I was in the middle of a Roll Out and the wifi went down and the market closed. I was executed on my “Buy to Close” part of my Roll Out but I wasn’t able to finish the Roll Out with the second half which is the “Sell to Open” to complete the adjustment trade. This morning I am back in my office and I just completed the Roll Out. Here are the trades closing one position and opening the second position to complete the Roll Out:<\/p>\n
<\/p>\n
To complete the Roll Out<\/p>\n
<\/p>\n
I was able to get a good premium while raising the Strike Price to $34.50. The problem is I had to go out 2 week and toward the Expiration Day, YELP will be reporting earnings on 8\/9\/16. This is a problem and it goes against my rules, but I had no choice. I will watch this closely and do research to try to predict how the earnings report will come out. If I think the earnings will be good I’ll cover my Call. Because of the earnings report, I give this Roll Out a Risk Factor<\/strong><\/span> of 5. Remember, trading is never a smooth road. You will run into potholes and many other hazards. When it happens you must stay calm and make adjustments trades. Having said that, I will be glad when this position is closed!<\/p>\n <\/p>\n If you have any questions on this Roll Out please send me an email.<\/p>\n <\/p>\n Steve<\/p>\n The Options Coach<\/em><\/p>\n","protected":false},"excerpt":{"rendered":" If you read my last post “Results week ending 7\/29\/16” you are aware I was in Boston for Expiration Day and I had wifi problems at my hotel. My 50 contract YELP Call was In-the-Money and I had to make an adjustment trade. I was in the middle of a Roll Out and the wifi […]<\/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-1876","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-ug","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/1876","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=1876"}],"version-history":[{"count":1,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/1876\/revisions"}],"predecessor-version":[{"id":1877,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/1876\/revisions\/1877"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1876"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1876"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1876"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}