Yesterday I bought 1000 shares of RH and sold a 10 contract Call for $1.25 to bring in $1250. Today, with the stock moving up and down I placed an order to Buy to Close the option position for 60\u00a2 or $600. With about an hour left till closing I had to leave my house for a basketball workout. I just got home and saw I was executed on my order. If I can get out of a position in 1 day being able to keep half the premium I brought in, I like to do so. In this case I brought in a total of $1250 and got out paying $600. In 1 day I made a profit of $650! The good thing is we still have 3 full days until the next expiration day and this is a very volatile stock. I’m hoping the stock goes up tomorrow and I can get another deal. Let’s see what tomorrow brings, but in the meantime I’m putting $650 in my mattress.<\/p>\n
<\/p>\n
10\/16\/17 – Sell to Open 10 RH 10\/20\/17 $82.00 C @ $1.25 (+$1250)<\/p>\n
10\/17\/17 – Buy to Close 10 RH 10\/20\/17 $82.00 C @ 60\u00a2 (-$600)<\/p>\n
Profit +$650<\/strong><\/span><\/p>\n <\/p>\n 1 day! I like it! Some people work a week for $650.<\/p>\n <\/p>\n Steve<\/p>\n The Options Coach<\/em><\/p>\n","protected":false},"excerpt":{"rendered":" Yesterday I bought 1000 shares of RH and sold a 10 contract Call for $1.25 to bring in $1250. Today, with the stock moving up and down I placed an order to Buy to Close the option position for 60\u00a2 or $600. With about an hour left till closing I had to leave my house […]<\/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-3697","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-XD","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/3697","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=3697"}],"version-history":[{"count":1,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/3697\/revisions"}],"predecessor-version":[{"id":3698,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/3697\/revisions\/3698"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3697"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3697"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3697"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}