{"id":3192,"date":"2017-06-16T14:33:16","date_gmt":"2017-06-16T18:33:16","guid":{"rendered":"http:\/\/www.mainstbeatswallst.com\/?p=3192"},"modified":"2017-06-16T14:33:16","modified_gmt":"2017-06-16T18:33:16","slug":"sold-1000-shares-of-skechers","status":"publish","type":"post","link":"https:\/\/www.mainstbeatswallst.com\/?p=3192","title":{"rendered":"Sold 1000 Shares of Skechers"},"content":{"rendered":"<p>Last week I did a &#8220;<a href=\"http:\/\/www.mainstbeatswallst.com\/?page_id=396\"><span style=\"color: #0000ff;\">Triple Play Hedge<\/span><\/a>&#8221; with Skechers (SKX). A &#8220;Triple Play Hedge&#8221; is when I buy shares of a stock and sell three Call. In this case I bought 1000 shares of SKX at $26.75 and sold three 10 contract Call. This &#8220;Triple Play Hedge&#8221; is on it&#8217;s second leg which expires today. The first leg expired last week. The Strike Price of today&#8217;s Call is $27.50. The stock was as high as $27.87 today. With the stock moving down I just sold the 1000 shares, that are covering this Call, at $27.50. The indicators show me that the stock will continue down. I wanted to get assigned at the Strike Price so when the stock was moving down I decided to sell at the Strike Price. It&#8217;s a little bit of a gamble because I am now Naked on the Call expiring today. If I kept the stock and it continued down I would not get assigned and I would start losing money on the stock. As I write, the stock is down to $27.33. I want the stock to stay below the Strike Price of $27.50 so I don&#8217;t have to deliver the stock. If the stock starts back up I might have to buy it back to cover my expiring Call. At this point I sold the stock for a 75\u00a2 gain for $750 on the 1000 shares. Here&#8217;s the orders:<\/p>\n<p>&nbsp;<\/p>\n<h4 style=\"text-align: center;\">Sell 1000 Shares SKX @ $27.50<\/h4>\n<p>&nbsp;<\/p>\n<p style=\"text-align: center;\"><span style=\"text-decoration: underline;\"><strong>Profit +$750<\/strong><\/span><\/p>\n<p>&nbsp;<\/p>\n<p>If you are watching my &#8220;Triple Play Hedge&#8221; trades closely make sure you understand how they work by reading my page. I know it can get a little complicated for Grasshoppers but hang in there. There&#8217;s a lot of money to be made. If you have a question, send me an email.<\/p>\n<p>&nbsp;<\/p>\n<p>Steve<\/p>\n<p><em>The Options Coach<\/em><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Last week I did a &#8220;Triple Play Hedge&#8221; with Skechers (SKX). A &#8220;Triple Play Hedge&#8221; is when I buy shares of a stock and sell three Call. In this case I bought 1000 shares of SKX at $26.75 and sold three 10 contract Call. This &#8220;Triple Play Hedge&#8221; is on it&#8217;s second leg which expires [&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-3192","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-Pu","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/3192","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=3192"}],"version-history":[{"count":1,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/3192\/revisions"}],"predecessor-version":[{"id":3193,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/3192\/revisions\/3193"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3192"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3192"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3192"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}