{"id":2408,"date":"2016-11-04T16:07:53","date_gmt":"2016-11-04T20:07:53","guid":{"rendered":"http:\/\/www.mainstbeatswallst.com\/?p=2408"},"modified":"2016-11-04T16:07:53","modified_gmt":"2016-11-04T20:07:53","slug":"buy-to-close-gpro-leaps","status":"publish","type":"post","link":"https:\/\/www.mainstbeatswallst.com\/?p=2408","title":{"rendered":"&#8220;Buy to Close&#8221; GPRO LEAPS"},"content":{"rendered":"<p>If you are familiar with my positions you will remember I sold 50 contracts of GPRO LEAPS way back on 7\/15\/16. I sold 50 contracts of GPRO 1\/20\/17 $15 Call LEAPS and received a premium of $1.03 ($5150). Well, with GPRO on a rollercoaster today I was able to buy these Calls back for $.30 ($1500). This deal is over and I have a profit of $3650. I figured I have a nice profit of $3650 and if I held it to expiration the most I could get out of this Call is another $1500 and I&#8217;d have to hold for another 78 days. I&#8217;m happy getting out. If GPRO goes back up the stock will be free to sell another Call. Here&#8217;s the sell and buy orders:<\/p>\n<h4 style=\"text-align: center;\"><strong>Sell to Open 50 GPRO 1\/20\/17 $15 C @ $1.03 (+$5150)<\/strong><\/h4>\n<h4 style=\"text-align: center;\"><strong>Buy toClose 50 GPRO 1\/20\/17 $15 C @ $.30 (-$1500)\u00a0<\/strong><\/h4>\n<p style=\"text-align: center;\"><strong>Profit +$3650<\/strong><\/p>\n<p style=\"text-align: center;\">\n<p style=\"text-align: left;\">I bought back 2 GPRO Calls today and I was able to put $2000 and $3650 in my mattress. A total of $5650!<\/p>\n<p style=\"text-align: left;\">\n<p style=\"text-align: left;\">Steve<\/p>\n<p style=\"text-align: left;\"><em>The Options Coach<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>If you are familiar with my positions you will remember I sold 50 contracts of GPRO LEAPS way back on 7\/15\/16. I sold 50 contracts of GPRO 1\/20\/17 $15 Call LEAPS and received a premium of $1.03 ($5150). Well, with GPRO on a rollercoaster today I was able to buy these Calls back for $.30 [&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-2408","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-CQ","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/2408","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=2408"}],"version-history":[{"count":1,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/2408\/revisions"}],"predecessor-version":[{"id":2409,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/2408\/revisions\/2409"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2408"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2408"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2408"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}