As I said in a post earlier in the week, I decided to limit my trades until the end of the year. I want to hold on to my gains and start a new year with a clean slate. This week I have 1 trade to report. I sold a Covered Call on previously owned stock. I sold 50 contracts against 5000 shares of Yelp. I received a premium of $.40 for $2000. After selling the Call I ended up buying to close the position while the stock was in a dip. I was able to buy the Call back for $.15 ($750). I didn’t want to hold until expiration because of my Strike Price. I bought the stock at $40.86 and I had a $39 Strike Price. If the stock came back and went above $39 I could have been assigned and I would have lost money on the stock sale with assignment. For this reason I got out when I could with a nice 2 day profit. Here’s the “Sell to Open” and the “Buy to Close” to see the profit.<\/p>\n
Profit $1250<\/strong><\/p>\n \n I’m going on vacation this Tuesday for my wife’s birthday. I’m gonna spend a little of this year’s gains on a 10 day trip to Costa Rica. You can follow my trip on my personal Facebook page, I’ll be posting pictures. I will have my computer with me to follow the market. Another great reason to become a trader, you can do a little work and make money while on vacation. I’ll also be checking my email if you want to send me a note.<\/p>\n \n <\/p>\n Have a great weekend!<\/p>\n <\/p>\n Steve<\/p>\n The Options Coach<\/em><\/p>\n \n","protected":false},"excerpt":{"rendered":" As I said in a post earlier in the week, I decided to limit my trades until the end of the year. I want to hold on to my gains and start a new year with a clean slate. This week I have 1 trade to report. I sold a Covered Call on previously owned […]<\/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-2458","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-DE","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/2458","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=2458"}],"version-history":[{"count":1,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/2458\/revisions"}],"predecessor-version":[{"id":2460,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/2458\/revisions\/2460"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2458"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2458"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2458"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Total Weekly Gain $1250<\/strong><\/h4>\n