{"id":3765,"date":"2017-11-07T12:56:20","date_gmt":"2017-11-07T17:56:20","guid":{"rendered":"http:\/\/www.mainstbeatswallst.com\/?p=3765"},"modified":"2017-11-07T12:56:20","modified_gmt":"2017-11-07T17:56:20","slug":"out-of-weight-watchers-micron","status":"publish","type":"post","link":"https:\/\/www.mainstbeatswallst.com\/?p=3765","title":{"rendered":"Out of Weight Watchers & Micron"},"content":{"rendered":"

I bought 1000 shares of Weight Watchers (WTW) on 10\/23\/17 for $45.50 per share. I sold Calls 2 weeks in a row and brought in nice premiums, but wasn’t assigned. Yesterday I sold another Call with earnings due out at the end of the day. Because of this report due out I received a crazy $3 premium for a $46 Strike Price Call. The earnings were great and the stock jumped $5 at the open. I decided to do a Buy to Close<\/strong> on the option and sell the stock with a nice profit. The main reason I closed the position before expiration is to free up money to get into another position before the week is out. Below are the orders getting out of the stock and the Call. I took a lose on the option to lock in a larger profit on the stock sale.<\/p>\n

10\/23\/17 \u2013 Buy 1000 Shares WTW @ $45.50<\/p>\n

11\/7\/17 \u2013 Sell 1000 Shares WTW @ $50.10<\/p>\n

Profit +$4600<\/strong><\/span><\/p>\n

11\/6\/17 \u2013 Sell to Open 10 WTW 11\/11\/17 $46.00 C @ $3.00 (+$3000)<\/p>\n

11\/7\/17 \u2013 Buy to Close 10 WTW 11\/11\/17 $46.00 C @ $4.60 (-$4600)<\/p>\n

Lose -$1600<\/strong><\/span><\/p>\n

Total Profit +$3000<\/strong><\/span><\/h4>\n

 <\/p>\n

If I held this position until expiration this Friday, I would have made 50\u00a2 ($500) on the stock, and I would have kept the premium of $3000, for a total of $3500. Getting out early I’m making $500 less but I think I’ll be able to make more with the money I freed up.<\/p>\n

Also, Yesterday I bought 1000 shares of Micron (MU) at $43. with the stock up 80\u00a2 today I decided to sell for a 1 day profit of $800. I know I’ll be getting back into MU but I didn’t like the way the NASDAQ looked. If it pulls back to $43 I might jump back in. The life of a swing trader!<\/p>\n

 <\/p>\n

Steve<\/p>\n

The Options Coach<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

I bought 1000 shares of Weight Watchers (WTW) on 10\/23\/17 for $45.50 per share. I sold Calls 2 weeks in a row and brought in nice premiums, but wasn’t assigned. Yesterday I sold another Call with earnings due out at the end of the day. Because of this report due out I received a crazy […]<\/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-3765","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-YJ","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/3765","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=3765"}],"version-history":[{"count":1,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/3765\/revisions"}],"predecessor-version":[{"id":3766,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/3765\/revisions\/3766"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3765"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3765"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3765"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}