{"id":3134,"date":"2017-05-31T11:30:03","date_gmt":"2017-05-31T15:30:03","guid":{"rendered":"http:\/\/www.mainstbeatswallst.com\/?p=3134"},"modified":"2017-05-31T11:30:03","modified_gmt":"2017-05-31T15:30:03","slug":"weight-watchers-triple-play-hedge","status":"publish","type":"post","link":"https:\/\/www.mainstbeatswallst.com\/?p=3134","title":{"rendered":"Weight Watchers “Triple Play Hedge”"},"content":{"rendered":"

Most readers know I’ve been away for over a week. I visited a friend in Dallas, an FDNY friend who also played on the NYC Fire Dept Basketball team. While in Texas I also went to Austin. This is the first time I’m in\u00a0my office in over a week so I have a lot of work to do. Not only with Main Street beats Wall Street<\/strong>, but with Fiore’s Pizza and my home bills.<\/p>\n

I’ll start with a trade I just made, then I’ll get to my Weekly Report for last week.<\/p>\n

\"\"<\/a><\/p>\n

I just did a “Triple Play Hedge<\/a><\/span>” with Weight Watchers (WTW). I haven’t done one in a while so I’ll give a short explanation. But please go to the page “Triple Play Hedge<\/a><\/span>” and read it. It’s a strategy I came up with, and when I see a good opportunity I like to do it. I buy a stock and sell 3 Call. The 3 Call gives me the insurance I like in the case the stock goes down. The buying of the stock and the 1st Call gives me a Covered Call, and the other 2 Calls gives me extra insurance, which I get paid for. If the stock goes down I have 3 Short<\/a><\/span> Calls that increase in value to counter the stock going down. If you are a Grasshopper<\/a><\/span> you must read the page on “Triple Play Hedge<\/a><\/span>.”<\/p>\n

Below you will see the orders for the buying of the stock and the 3 Calls I sold. I sell 1 Call per week for 3 weeks.<\/p>\n

Buy 1000 Shares WTW @ $25.93<\/h4>\n

As you see, I bought the stock for $25.93. The 1st Call I pretty much sold at the money which is safe because that’s a Covered Call. It’s a Call with the Strike Price of $26. This Call expires this Friday. The next Call is a $27 Call and expires next Friday, June 9th. The last Call is a $28 Call and it expires June 16th.<\/p>\n

Sell to Open 10 WTW 6\/2\/17 $26 C @ 55\u00a2 (+$550)<\/h4>\n

Sell to Open 10 WTW 6\/9\/17 $27 C @ 60\u00a2 (+$600)<\/h4>\n

Sell to Open 10 WTW 6\/16\/17 $28 C @ 50\u00a2 (+$500)<\/h4>\n

 <\/p>\n

The 1st Call is a Covered Call so it gets a Rick Factor 1<\/strong>, but the entire “Triple Play Hedge” includes 2 Naked Calls so the entire trade gets a Risk Factor 3<\/strong>.<\/p>\n

If you have any questions on my “Triple Play Hedge” please send me an email. It’s important to know how it works. I received insurance and I get paid for it. You only have insurance up to the amount of premiums you bring in. This “Triple Play Hedge” brought me in 3 premiums. $550, $600 and $500 which add up to $1650 in total premiums. If all goes well, this trade will be complete on Friday June 16th. It will be a 6.3% Rate of Return<\/a><\/span> in 17 days. Let’s watch to see how it works out.<\/p>\n

 <\/p>\n

Steve<\/p>\n

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

Most readers know I’ve been away for over a week. I visited a friend in Dallas, an FDNY friend who also played on the NYC Fire Dept Basketball team. While in Texas I also went to Austin. This is the first time I’m in\u00a0my office in over a week so I have a lot of […]<\/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-3134","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-Oy","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/3134","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=3134"}],"version-history":[{"count":1,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/3134\/revisions"}],"predecessor-version":[{"id":3135,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/3134\/revisions\/3135"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3134"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3134"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3134"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}