This Monday I bought 1000 shares of Weight Watchers (WTW) at $45.50 and sold an At-the-Money 10 contract Call expiring this Friday. With the selling of the Call I brought in a premium of 90\u00a2 for $900. Today with the market sell-off WTW is also down. The premium I sold for 90\u00a2 ($900) is down to 35\u00a2 ($350) so I did a “Buy to Close.” The stock is at $44.75, I figured I have 2 full days for the stock to go up so I closed the position with a profit and I’m out of my obligation of having to deliver the stock at my Strike Price of $45.50. With this move I locked in a profit of $550. I’m hoping for a bounce tomorrow.<\/p>\n
10\/23\/17 \u2013 Sell to Open 10 WTW 10\/27\/17 $45.50 C @ 90\u00a2 (+$900)<\/p>\n
10\/25\/17 \u2013 Buy to Close 10 WTW 10\/27\/17 $45.50 C @ 35\u00a2 (-$350)<\/p>\n
Profit +$550<\/strong><\/span><\/p>\n <\/p>\n Steve<\/p>\n The Options Coach<\/em><\/p>\n","protected":false},"excerpt":{"rendered":" This Monday I bought 1000 shares of Weight Watchers (WTW) at $45.50 and sold an At-the-Money 10 contract Call expiring this Friday. With the selling of the Call I brought in a premium of 90\u00a2 for $900. Today with the market sell-off WTW is also down. The premium I sold for 90\u00a2 ($900) is down […]<\/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-3722","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-Y2","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/3722","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=3722"}],"version-history":[{"count":1,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/3722\/revisions"}],"predecessor-version":[{"id":3723,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/3722\/revisions\/3723"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3722"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3722"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3722"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}