On Oct 3rd I bought 1000 shares of Jetblue (JBLU) at $19.69. I also sold 10 contract of the $20 Calls. The Call expired and I was assigned on the 1000 shares. I ended up making $310 on the stock sale and a $450 premium on the option sale. This option expired on 10\/20\/17. This Covered Call made me $760.<\/p>\n
While this option was working it’s way toward expiration, on 10\/11\/17 I bought another 1000 shares at $20.74. I didn’t sell a Call on this 1000 shares because the stock was moving and I was hoping to get a capital gain on the stock. The stock started down, however, I was still assigned on my first 1000 shares but the these shares, with no Call attached, continued down. Today with the stock moving up I decided to get out of this position and free up the money. I just sold the 1000 shares at $20.75 making 1\u00a2 on the stock. I’m happy because I’m out of the position without losing money. I was involved in JBLU for almost 2 months and made $760 on the Covered Call plus $10 on the stock sale today for a total of $770. I’m happy I’m out!<\/p>\n
10\/11\/17 \u2013 Buy 1000 Shares JBLU @ $20.74<\/p>\n
11\/29\/17 – Sell 1000 Shares JBLU @ $20.75<\/p>\n
Profit +$10<\/p>\n
I know my JBLU trades didn’t pan out the way I wanted but between the few trades my money invested brought me in about a 2% return in the 2 months. That’s 12% annually! I always try to find something positive out of a “not so great” situation lol.<\/p>\n
<\/p>\n
Steve<\/p>\n
The Options Coach<\/em><\/p>\n","protected":false},"excerpt":{"rendered":" On Oct 3rd I bought 1000 shares of Jetblue (JBLU) at $19.69. I also sold 10 contract of the $20 Calls. The Call expired and I was assigned on the 1000 shares. I ended up making $310 on the stock sale and a $450 premium on the option sale. This option expired on 10\/20\/17. This […]<\/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-3792","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-Za","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/3792","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=3792"}],"version-history":[{"count":1,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/3792\/revisions"}],"predecessor-version":[{"id":3793,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/3792\/revisions\/3793"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3792"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3792"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3792"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}