{"id":3583,"date":"2017-09-27T14:08:19","date_gmt":"2017-09-27T18:08:19","guid":{"rendered":"http:\/\/www.mainstbeatswallst.com\/?p=3583"},"modified":"2017-09-27T14:08:19","modified_gmt":"2017-09-27T18:08:19","slug":"sold-another-rh-call","status":"publish","type":"post","link":"https:\/\/www.mainstbeatswallst.com\/?p=3583","title":{"rendered":"Sold another RH Call"},"content":{"rendered":"<p><a href=\"https:\/\/i0.wp.com\/www.mainstbeatswallst.com\/wp-content\/uploads\/2016\/05\/Risk1-1.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1635\" data-permalink=\"https:\/\/www.mainstbeatswallst.com\/?attachment_id=1635\" data-orig-file=\"https:\/\/i0.wp.com\/www.mainstbeatswallst.com\/wp-content\/uploads\/2016\/05\/Risk1-1.png?fit=75%2C90&amp;ssl=1\" data-orig-size=\"75,90\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Risk1\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/www.mainstbeatswallst.com\/wp-content\/uploads\/2016\/05\/Risk1-1.png?fit=75%2C90&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/www.mainstbeatswallst.com\/wp-content\/uploads\/2016\/05\/Risk1-1.png?fit=75%2C90&amp;ssl=1\" class=\"wp-image-1635 alignleft\" src=\"https:\/\/i0.wp.com\/www.mainstbeatswallst.com\/wp-content\/uploads\/2016\/05\/Risk1-1.png?resize=93%2C112\" alt=\"\" width=\"93\" height=\"112\" \/><\/a>On Monday I sold a 20 contract $74.50 Call on RH. I received a premium of $2000. Yesterday the stock went down and I bought back the Call for $400 taking a $1600 profit. With this stock being so volatile, my hopes were that the stock would come back up so I would be able to sell another Call. Today with an up market I put in an order to re-sell the same 20 contract $74.50 Call for 50\u00a2 ($1000). It took a few hours but I was just executed on the Call. I sold a 20 contract 9\/29\/17 $74.50 C for a 50\u00a2 premium. This is just what I needed to make a great week. I already have a few closed trades so if this works nice I&#8217;ll be very happy with the week. This is a Covered Call on previously owned stock so the trade in a<strong> Risk Factor 1<\/strong>. 50\u00a2 is a little less than I look for with a $72 stock, but there&#8217;s only 3 days to expiration and I wanted to go out a little with the Strike Price because of the volatility. If the stock goes up I want to enjoy a little more upside on the stock gain.<\/p>\n<h4 style=\"text-align: center;\">Sell to Open 20 RH 9\/29\/17 $74.50 C @ 50\u00a2 (+$1000)<\/h4>\n<p>&nbsp;<\/p>\n<p>This might be the last trade for the week. I&#8217;m holding a good amount of stock and I have Calls sold on most and still have enough margin to be able to take my $4000 draw at the end of the month, which is Saturday. I love taking my monthly money to enjoy life a bit.<\/p>\n<p>&nbsp;<\/p>\n<p>Steve<\/p>\n<p><em>The Options Coach<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>On Monday I sold a 20 contract $74.50 Call on RH. I received a premium of $2000. Yesterday the stock went down and I bought back the Call for $400 taking a $1600 profit. With this stock being so volatile, my hopes were that the stock would come back up so I would be able [&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-3583","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-VN","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/3583","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=3583"}],"version-history":[{"count":1,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/3583\/revisions"}],"predecessor-version":[{"id":3585,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/3583\/revisions\/3585"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3583"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3583"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3583"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}