This post is about a Weight Watchers Call but I have a lot to talk about.<\/p>\n
Last week I didn’t make any trades because all my stock positions were down from where I bought in and I couldn’t get decent premiums. I decided to lay low and wait for my stocks to come up a little. One of my stocks is Weight Watchers (WTW). I own 1000 shares. Last Thursday WTW came out with great earnings. On Friday the stock went up $8 which was great for my account. At this point WTW is my only stock above where I bought so today I sold a Call. The stock is up to $43.25 and going up higher. I was thinking about selling the stock and grabbing some profit but I decided to sell a Call and grab a premium. I sold the $44 Call to expire this Friday and received a 60\u00a2 premium for $600. I bought the stock at $38.50. If the stock continues up I’m thinking about buying another 1000 shares. This is a Covered Call on previously owned stock so it get a Risk Factor 1<\/strong>.<\/p>\n Sell to Open 10 WTW 8\/11\/17 $44.00 C @ 60\u00a2 (+$600)<\/p>\n <\/p>\n As you might know I’m back into coaching high school basketball. Coaching high school sports takes a lot of time! Not only is it time in the gym, but also computer work, phone work and a lot of prep work. Only a coach and a coach’s wife really knows how much work is takes. Coaching basketball and teaching is a real love of mine so now that my kids are older and my finances are where I feel comfortable I’m happy to be back.<\/p>\n This week I didn’t make trades because of some of my positions, however, you will see a big reduction in the amount of trades I make because of time dedicated to coaching. I happen to be involved in 2 things that take a lot of time, trading & writing on Main Street beats Wall Street,<\/strong> and coaching basketball. I also run Fiore’s Pizza and have a home and a family. I am not abandoning my site or completely getting away from trading but you will notice less post because of less trading. I will still be on my site and answering emails but for now I must put time in with my team. Coaching is a real love of mine and I’m very thankful my life is in position to be able to do what I truly love.<\/p>\n Keep studying, keep the emails coming and be careful!<\/p>\n <\/p>\n Steve<\/p>\n The Options Coach<\/em><\/p>\n","protected":false},"excerpt":{"rendered":" This post is about a Weight Watchers Call but I have a lot to talk about. Last week I didn’t make any trades because all my stock positions were down from where I bought in and I couldn’t get decent premiums. I decided to lay low and wait for my stocks to come up a […]<\/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-3400","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-SQ","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/3400","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=3400"}],"version-history":[{"count":1,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/3400\/revisions"}],"predecessor-version":[{"id":3401,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/3400\/revisions\/3401"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3400"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3400"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3400"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}