This Tuesday, Oct. 18th I sold a Call against my 5000 shares of Micron (MU). This was a 50 contract $18 Call to expire next Friday, Oct. 28th. I received a premium of $.20 (+$1000). This morning with the market and Micron down a little I decided to lock is some profit. The premium was down to $.14. If I see an opportunity to get out of a trade early with one half of the profit, I like to do so. Being only 2 days into the trade and 9 days to expiration I seen a possible nice opportunity. The premium was down to $.14 and the market moving down, I put in a “Buy toClose” order for $.09. It the premium got to $.10 it would have been one half the premium. I figured if the premium got down to $.09, I would get half the profit locked in plus the extra $.01 would pay my commissions. My order was executed and I am out of the position with a $550 2 day profit. I love it! Here’s the buy order:<\/p>\n
Profit +$550<\/strong><\/p>\n \n I’m not projecting a big gain for this week. If I get a good opportunity to lock in some cash and get it in my mattress I do it. Taking profit in the game we’re in. The original trade was to go toward next weeks profit but now that I exited it will go toward this week.<\/p>\n \n Steve<\/p>\n The Options Coach<\/em><\/p>\n \n \n","protected":false},"excerpt":{"rendered":" This Tuesday, Oct. 18th I sold a Call against my 5000 shares of Micron (MU). This was a 50 contract $18 Call to expire next Friday, Oct. 28th. I received a premium of $.20 (+$1000). This morning with the market and Micron down a little I decided to lock is some profit. The premium was […]<\/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-2305","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-Bb","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/2305","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=2305"}],"version-history":[{"count":1,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/2305\/revisions"}],"predecessor-version":[{"id":2306,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/2305\/revisions\/2306"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2305"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2305"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2305"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}