{"id":2454,"date":"2016-11-30T11:28:23","date_gmt":"2016-11-30T16:28:23","guid":{"rendered":"http:\/\/www.mainstbeatswallst.com\/?p=2454"},"modified":"2016-11-30T11:28:23","modified_gmt":"2016-11-30T16:28:23","slug":"out-of-yelp-calls","status":"publish","type":"post","link":"https:\/\/www.mainstbeatswallst.com\/?p=2454","title":{"rendered":"Out of Yelp Calls"},"content":{"rendered":"<p>Yesterday I sold a 50 contract Call against shares of Yelp I own. I sold the 12\/2\/16 $39 Call and brought in $.40 ($2000). When I sold the Call the stock was at $38.55. I really didn&#8217;t want the stock to get to the Strike Price of $39 because I bought the stock in October for $40.86. If the stock went above my Strike Price and I was assigned I would have lost money on the stock sale. Watching Yelp I didn&#8217;t feel it would reach that price by this Friday. But you never know! Yesterday, as soon as I sold the Call the stock started moving down and I actually thought I was going to be able to get out in a few hours. That didn&#8217;t happen yesterday but with the stock down today I put in an offer to &#8220;Buy to Close&#8221; at $.15. A few minutes ago I was executed on that order. I brought in $2000 on the sale and I paid $750 to get out for a profit of $1250. It feels good to get back to some normalcy and get some money into my mattress. Here&#8217;s the sell and buy orders:<\/p>\n<h4 style=\"text-align: center;\"><strong>Sell to Open 50 YELP 12\/2\/16 $39 C @ $.40 (+$2000)<\/strong><\/h4>\n<h4 style=\"text-align: center;\"><strong>Buy to Close 50 YELP 12\/2\/16 $39 C @ $.15 (-$750)<\/strong><\/h4>\n<p style=\"text-align: center;\"><strong>Profit $1250<\/strong><\/p>\n<p style=\"text-align: center;\">\n<p style=\"text-align: left;\">Any questions, send me an email.<\/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>Yesterday I sold a 50 contract Call against shares of Yelp I own. I sold the 12\/2\/16 $39 Call and brought in $.40 ($2000). When I sold the Call the stock was at $38.55. I really didn&#8217;t want the stock to get to the Strike Price of $39 because I bought the stock in October [&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-2454","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-DA","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/2454","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=2454"}],"version-history":[{"count":1,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/2454\/revisions"}],"predecessor-version":[{"id":2455,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/2454\/revisions\/2455"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2454"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2454"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2454"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}