{"id":2643,"date":"2017-02-07T14:26:17","date_gmt":"2017-02-07T19:26:17","guid":{"rendered":"http:\/\/www.mainstbeatswallst.com\/?p=2643"},"modified":"2017-02-07T14:26:17","modified_gmt":"2017-02-07T19:26:17","slug":"buy-to-close-1-of-my-u-s-steels-calls","status":"publish","type":"post","link":"https:\/\/www.mainstbeatswallst.com\/?p=2643","title":{"rendered":"&#8220;Buy to Close&#8221; 1 of my U.S. Steel&#8217;s Calls"},"content":{"rendered":"<p>A few hours ago I sold a 50 contract Call on U.S. Steel. I brought in a premium of 20\u00a2 for $1000. The stock has been coming down for most of the day and I just had an opportunity to buy my way out of that Call for 5\u00a2 ($250) so I did. I sold for $1000 and I bought for $250 for a $750 profit in a few hours. Not Bad! Here&#8217;s the &#8220;Sell to Open&#8221; and the &#8220;Buy to Close&#8221; orders:<\/p>\n<h4 style=\"text-align: center;\">Sell to Open 50 X 2\/10\/17 $37 C @ 20\u00a2 (+$1000)<\/h4>\n<h4 style=\"text-align: center;\">Buy to Close 50 X 2\/10\/17 $37 C @ 5\u00a2 (-$250)<\/h4>\n<p style=\"text-align: center;\"><strong>Profit +$750<\/strong><\/p>\n<p style=\"text-align: center;\">\n<p style=\"text-align: left;\">I&#8217;m hoping tomorrow the stock will have a bounce and I can sell another 50 contract Call.<\/p>\n<p style=\"text-align: left;\">When you sell a call you get into a <span style=\"color: #3366ff;\"><a style=\"color: #3366ff;\" href=\"http:\/\/www.mainstbeatswallst.com\/?page_id=446\">short <\/a><\/span>position. You sell first then you &#8220;Buy to Close&#8221; the position. Make sure you understand short positions and how they work.<\/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>A few hours ago I sold a 50 contract Call on U.S. Steel. I brought in a premium of 20\u00a2 for $1000. The stock has been coming down for most of the day and I just had an opportunity to buy my way out of that Call for 5\u00a2 ($250) so I did. I sold [&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-2643","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-GD","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/2643","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=2643"}],"version-history":[{"count":1,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/2643\/revisions"}],"predecessor-version":[{"id":2644,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/2643\/revisions\/2644"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2643"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2643"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2643"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}