{"id":3148,"date":"2017-06-04T23:46:19","date_gmt":"2017-06-05T03:46:19","guid":{"rendered":"http:\/\/www.mainstbeatswallst.com\/?p=3148"},"modified":"2017-06-04T23:46:19","modified_gmt":"2017-06-05T03:46:19","slug":"result-week-ending-6217","status":"publish","type":"post","link":"https:\/\/www.mainstbeatswallst.com\/?p=3148","title":{"rendered":"Result Week Ending 6\/2\/17"},"content":{"rendered":"<p>It was not a very big week as far as trades coming to a conclusion so there wasn&#8217;t much profit, but I was in the plus column. I only had 1 trade end which involved the 1st leg of my &#8220;<span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" href=\"http:\/\/www.mainstbeatswallst.com\/?page_id=396\">Triple Play Hedge<\/a><\/span>&#8221; on Weight Watchers (WTW). The 1st leg is always a Covered Call. I bought 1000 shares of WTW at $25.93 and sold 3 Calls to make the &#8220;Triple Play Hedge.&#8221; The 1st Call was a 10 contract Call with the Strike Price of $26, expiring this past Friday. The stock went above the Strike Price so I was assigned. I bought the stock at $25.93 and was assigned at $26 for a small profit of 7\u00a2. The 1st leg of the &#8220;Triple Play Hedge&#8221; I normally sell the 1st Call <span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" href=\"http:\/\/www.mainstbeatswallst.com\/?page_id=304\">At-the-Money<\/a><\/span> so if assigned there&#8217;s not much profit on the stock sale. Which is true in this case.<\/p>\n<p>Besides the 7\u00a2 on the stock I also keep the premium of the 1st Call, which was 55\u00a2 for a total of $550. Here are the orders:<\/p>\n<p>&nbsp;<\/p>\n<p style=\"text-align: center;\"><strong>\u00a0Buy 1000 Shares WTW @ $25.93<\/strong><\/p>\n<p style=\"text-align: center;\"><strong>\u00a0Assigned 1000 Shares WTW @ $26\u00a0<\/strong><\/p>\n<p style=\"text-align: center;\"><strong><span style=\"text-decoration: underline;\">Profit +70<\/span><\/strong><\/p>\n<p>&nbsp;<\/p>\n<p style=\"text-align: center;\"><strong>Sell to Open 10 WTW 6\/2\/17 $26 C @ 55\u00a2 (+$550)<\/strong><\/p>\n<p style=\"text-align: center;\"><strong>\u00a0Expired 10 WTW 6\/2\/17 $26 C\u00a0<\/strong><\/p>\n<p style=\"text-align: center;\"><strong><span style=\"text-decoration: underline;\">Profit +$550<\/span><\/strong><\/p>\n<p style=\"text-align: center;\">\n<p style=\"text-align: left;\">I hope everyone had a great weekend!<\/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>It was not a very big week as far as trades coming to a conclusion so there wasn&#8217;t much profit, but I was in the plus column. I only had 1 trade end which involved the 1st leg of my &#8220;Triple Play Hedge&#8221; on Weight Watchers (WTW). The 1st leg is always a Covered Call. [&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-3148","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-OM","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/3148","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=3148"}],"version-history":[{"count":1,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/3148\/revisions"}],"predecessor-version":[{"id":3150,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/3148\/revisions\/3150"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3148"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3148"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3148"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}