On 8\/4\/17 I bought 1000 shares of Snap (SNAP) at $13.37. I liked it at that price and I wanted to hold a little of the stock because when it comes to social media, you never know where the stock can go. I figured, let me be in the game! The stock did go over $15 and I was watching closely. After listening to a few reports I changed my outlook on where the stock will go. On 9\/11\/17 with the stock at $15.43 I decided to grab some premium by selling a $16 Call. I did not feel it would hit $16 by the end of the week. Now the stock is back down to $15 and after listening to a few more “gurus” speak on the stock I decided to get out of the stock with a profit. I sold my 1000 shares at $15 with a $1.63 profit per share. That’s $1630. Now that I sold the shares I’m naked on my $16 Call expiring tomorrow. If all stays normal until the close tomorrow I shouldn’t have a problem because I don’t think it will hit $16 by the close. However, you never know! I will be watching!<\/p>\n
Profit +$1630<\/strong><\/span><\/p>\n This money is already in my mattress!<\/p>\n As I write SNAP is at $14.92.<\/p>\n <\/p>\n Steve<\/p>\n The Options Coach<\/em><\/p>\n","protected":false},"excerpt":{"rendered":" On 8\/4\/17 I bought 1000 shares of Snap (SNAP) at $13.37. I liked it at that price and I wanted to hold a little of the stock because when it comes to social media, you never know where the stock can go. I figured, let me be in the game! The stock did go over […]<\/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-3485","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-Ud","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/3485","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=3485"}],"version-history":[{"count":1,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/3485\/revisions"}],"predecessor-version":[{"id":3486,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/3485\/revisions\/3486"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3485"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3485"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3485"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}