Today I sold a 20 contract Call on Micron (MU). After I sold the call the stock was dropping. I had a basketball workout with the high school kids at 3pm. I left my house at 2. I received $1.00 as the premium for the Call I sold. Before I left my house the premium for the Call I sold for $1.00 was down close to 70\u00a2. I decided to put on a “Buy to Close” order at 70\u00a2. I figured it’s only Monday. If I can grab a 30\u00a2 profit on the 20 contracts, it would be a $600 gain for a day trade. Well, I just got home from the gym and I see I was executed on my “Buy to Close.” Today was a big down day and I’m hoping we get a bounce tomorrow and I can sell another Call. Even if I don’t, I still have $600 locked in and already in my mattress.<\/p>\n
Sell to Open 20 MU 9\/29\/17 $36.50 C @ 1.00 (+$2000)<\/p>\n
Buy to Close 20 MU 9\/29\/17 $36.50 C (-$1400)<\/p>\n
Profit +$600\u00a0<\/strong><\/span><\/p>\n <\/p>\n I love making a quick trade for a nice profit. Not bad for a 3 or 4 hour trade.<\/p>\n <\/p>\n Steve<\/p>\n The Options Coach<\/em><\/p>\n","protected":false},"excerpt":{"rendered":" Today I sold a 20 contract Call on Micron (MU). After I sold the call the stock was dropping. I had a basketball workout with the high school kids at 3pm. I left my house at 2. I received $1.00 as the premium for the Call I sold. Before I left my house the premium […]<\/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-3567","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-Vx","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/3567","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=3567"}],"version-history":[{"count":1,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/3567\/revisions"}],"predecessor-version":[{"id":3568,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/3567\/revisions\/3568"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3567"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3567"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3567"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}