Today is Good Friday and the markets are closed. I will not be near my computer for the rest of the holy weekend so I wanted to get this week ending report done before I go away for Easter.<\/p>\n
I had one trade come to a conclusion this week and this trade carries a very important lesson for Grasshoppers<\/a><\/span>. The lesson is on Roll-Outs. Please read my page on Rolling<\/a><\/span>.<\/p>\n This trade started on 4\/6\/17 with the selling of an 80 contract Covered Call on U.S. Steel (X). It was a 1 day Call (4\/7\/17) with the Strike Price of $33. I received a premium of 38\u00a2 for a total of $3040. After I sold the Call the stock took off and went 80\u00a2 above my Strike Price and stayed there until expiration. I didn’t want to get assigned and lose my stock so I did a Roll-Out. I rolled the Call out to 4\/14\/17. This entails buying back the Call I sold and selling another Call to expire the week later, which was Thursday because the market’s closed today, Good Friday. Yesterday the stock closed below my Strike Price and the Call expired. Take a look at all the trades involved in the Roll-Out, do the math, and you will see how the trade ended up a positive $3040.<\/p>\n Profit +$3040<\/strong><\/p>\n \n Roll-Outs are a very important part of trading and making adjustment trades. If you are going to trade options you must understand Rolling.<\/p>\n \n <\/p>\n If you have any questions on Rolling or when to use this strategy, send me an email.<\/p>\n Have a very Happy Easter or Happy Passover!<\/p>\n <\/p>\n Steve<\/p>\n The Options Coach<\/em><\/p>\n","protected":false},"excerpt":{"rendered":" Today is Good Friday and the markets are closed. I will not be near my computer for the rest of the holy weekend so I wanted to get this week ending report done before I go away for Easter. I had one trade come to a conclusion this week and this trade carries a very […]<\/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-3022","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-MK","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/3022","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=3022"}],"version-history":[{"count":1,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/3022\/revisions"}],"predecessor-version":[{"id":3023,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/3022\/revisions\/3023"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3022"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3022"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3022"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}4\/6\/17 \u2013 Sell to Open 80 X 4\/7\/17 $33 C @ 38\u00a2 (+$3040)<\/h4>\n
4\/7\/17 \u2013 Buy to Close 80 X 4\/7\/17 $33 C @ 95\u00a2 (-$7600)<\/h4>\n
4\/7\/17 \u2013 Sell to Open 80 X 4\/14\/17 $33.50 C @ 95\u00a2 (+$7600)<\/h4>\n
4\/14\/17 \u2013 Expired 80 X 4\/14\/17 $33.50 C<\/h4>\n
Total Weekly Gain +$3040<\/h4>\n