Today is Christmas Eve. Merry Christmas to everyone!<\/p>\n
I reported in a recent post that I was trying to lay low until the start of 2018. I really had a great year and I’m trying to keep the profits to end the year and start a new year on a good note. With this in mind I only made one trade this week. And it was a good one! I do own a bunch of stock but I only sold a Call on my 2000 shares of RH. I have 2000 shares at $102.78 and I sold a 20 contract Call. I sold the 20 contracts with a $104 Strike Price expiring this Friday giving me a $1.75 premium for a total of $3500.<\/p>\n
12\/18\/17 – Sell to Open 20 RH 12\/22\/17 $104 C @ $1.75 (+$3500)<\/p>\n
12\/22\/17 – Expired 20 RH 12\/22\/17 $104.00 C<\/p>\n
\u00a0 Profit +$3500<\/strong><\/span><\/p>\n <\/p>\n I was hoping for the stock to go up above my Strike Price so I would be assigned. This did not happen! I do keep my $3500 premium but the stock came down a bit and closed at $92.92. This is always a big fear when selling Covered Calls. You keep the premium, but you own the stock at a lower price. This is why I like to get assigned and move on. Many, or most, Covered Call sellers want to keep their stock at expiration, but I have a different strategy. I want to keep my premium, make a little on the stock assignment, and move on. In this situation RH is a great stock with a great rating so I’m not too worried. However, you never know. The stock can always stay down a bit to keep your money tied up for a while. In this case I don’t think that will happen. I’m looking for RH to be back up to where I can sell another Call within a few days….I Hope!<\/p>\n <\/p>\n I would like to wish the entire Main Street beats Wall Street<\/strong> family a very Merry Christmas.<\/p>\n Back to work on Tuesday.<\/p>\n <\/p>\n Steve<\/p>\n The Options Coach<\/em><\/p>\n","protected":false},"excerpt":{"rendered":" Today is Christmas Eve. Merry Christmas to everyone! I reported in a recent post that I was trying to lay low until the start of 2018. I really had a great year and I’m trying to keep the profits to end the year and start a new year on a good note. With this in […]<\/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-3852","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\/p75MP0-108","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/3852","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=3852"}],"version-history":[{"count":1,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/3852\/revisions"}],"predecessor-version":[{"id":3853,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/3852\/revisions\/3853"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3852"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3852"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3852"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}