{"id":3160,"date":"2017-06-06T10:23:24","date_gmt":"2017-06-06T14:23:24","guid":{"rendered":"http:\/\/www.mainstbeatswallst.com\/?p=3160"},"modified":"2017-06-06T10:23:24","modified_gmt":"2017-06-06T14:23:24","slug":"covered-2nd-leg-of-skx-tripleplay-hedge","status":"publish","type":"post","link":"https:\/\/www.mainstbeatswallst.com\/?p=3160","title":{"rendered":"Covered 2nd Leg of SKX &#8220;TriplePlay Hedge&#8221;"},"content":{"rendered":"<p>Yesterday I did a 10 contract &#8220;<span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" href=\"http:\/\/www.mainstbeatswallst.com\/?page_id=396\">Triple Play Hedge<\/a><\/span>&#8221; on Skechers (SKX). The stock has been moving nicely after receiving a few upgrades. I started with a normal &#8220;Triple Play Hedge,&#8221; I bought 1000 shares of the stock and sold 3 Call as insurance in the case the stock went down. The 1st Call is Covered and the 2nd and the 3rd Call were Naked. Yesterday the stock moved pretty good to the point the 1st Call went<span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" href=\"http:\/\/www.mainstbeatswallst.com\/?page_id=304\"> In-the-Money<\/a><\/span> and it moved almost to the point my 2nd Call was <span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" href=\"http:\/\/www.mainstbeatswallst.com\/?page_id=304\">At-the-Money<\/a><\/span>. Today with the market down a little and SKX following, I decided to buy another 1000 shares of the stock at $26.75 which Covered my 2nd Call. Below you can see I now own 2000 shares of the stock and the 1st and 2nd Call are covered. Let&#8217;s see how this &#8220;Triple Play Hedge&#8221; plays out.<\/p>\n<p>&nbsp;<\/p>\n<p style=\"text-align: center;\"><span style=\"text-decoration: underline;\"><strong>Skechers Triple Play Hedge<\/strong><\/span><\/p>\n<p style=\"text-align: center;\">6\/5\/17 &#8211; Buy 1000 Shares SKX @ $26.90<\/p>\n<p style=\"text-align: center;\">6\/6\/17 &#8211; Buy 1000 Shares SKX @ $26.75<\/p>\n<p style=\"text-align: center;\">\u00a0<strong>1st Call<\/strong> &#8211; Sell to Open 10 SKX 6\/9\/17 $27 C @ 45\u00a2 (+$450) Covered<\/p>\n<p style=\"text-align: center;\"><strong>2nd Call<\/strong> &#8211; Sell to Open 10 SKX 6\/16\/17 $27.50 C @ 50\u00a2 (+$500) Covered<\/p>\n<p style=\"text-align: center;\"><strong>3rd Call<\/strong> &#8211; Sell to Open 10 SKX 6\/23\/17 $28 C @ 55\u00a2 (+$550)<\/p>\n<p style=\"text-align: center;\">\n<p style=\"text-align: left;\"><span style=\"font-family: inherit; font-style: inherit;\">As I write the stock is up to $27.20 after buy my shares today at $26.75.<\/span><\/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>Yesterday I did a 10 contract &#8220;Triple Play Hedge&#8221; on Skechers (SKX). The stock has been moving nicely after receiving a few upgrades. I started with a normal &#8220;Triple Play Hedge,&#8221; I bought 1000 shares of the stock and sold 3 Call as insurance in the case the stock went down. The 1st Call is [&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-3160","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\/3160","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=3160"}],"version-history":[{"count":1,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/3160\/revisions"}],"predecessor-version":[{"id":3162,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/3160\/revisions\/3162"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3160"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3160"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3160"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}