{"id":2953,"date":"2017-03-27T10:08:21","date_gmt":"2017-03-27T14:08:21","guid":{"rendered":"http:\/\/www.mainstbeatswallst.com\/?p=2953"},"modified":"2017-03-27T10:08:21","modified_gmt":"2017-03-27T14:08:21","slug":"buy-3000-shares-rh-to-close-short-position","status":"publish","type":"post","link":"https:\/\/www.mainstbeatswallst.com\/?p=2953","title":{"rendered":"Buy 3000 Shares RH to Close Short Position"},"content":{"rendered":"

On Friday I reported that I had my broker deliver 3000 shares of RH because of my Naked Call expiring. Please read my post “RH Trade Explanation<\/a><\/span>.” This morning the market is taking a big hit because of Trumps health care issues. I delivered the 3000 shares of RH at $36.50 which was my Strike Price. This means I was Short<\/a><\/span> 3000 shares at the $36.50 price. This morning RH is down with the market and I bought 3000 shares to return them to my broker at the price of $36.25. This gave me a 25\u00a2 profit on the 3000 shares for a gain of $750 to end the RH Naked Call\/Short position. The result is I keep the premium ($2400) I received for the sale of the Naked Call, which goes toward last weeks goal of my “2017 Challenge<\/a><\/span>” and the $750 for the closing of the stock position will goes toward this week’s profit. The total gain for the selling of the Naked Call is $3150. Here’s the way the short position orders went:<\/p>\n

Short 3000 Shares RH @ $36.50<\/h4>\n

Buy 3000 Shares RH @ $36.25<\/h4>\n

Profit +$750<\/p>\n

\n

If you have any questions on this RH trade please send me an email, it’s very important to understand how this works.<\/p>\n

I didn’t get to my “Results Week Ending 3\/24\/17” report this week end. I was very busy with family, and of course watching basketball. I’ll get to it today and send it out.<\/p>\n

\n

Steve<\/p>\n

The Options Coach<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

On Friday I reported that I had my broker deliver 3000 shares of RH because of my Naked Call expiring. Please read my post “RH Trade Explanation.” This morning the market is taking a big hit because of Trumps health care issues. I delivered the 3000 shares of RH at $36.50 which was my Strike […]<\/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-2953","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-LD","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/2953","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=2953"}],"version-history":[{"count":1,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/2953\/revisions"}],"predecessor-version":[{"id":2954,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/2953\/revisions\/2954"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2953"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2953"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2953"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}