I’ve been watching RH a long time, every day! Many days I feel like I know how it’s gonna move. That comes with being familiar with a stock. Today I bought 1000 shares of RH at $99.90. I also sold a 10 contract $104 Call. The stock went all the way up to $105; $1 above my Strike Price. When I look at the candlestick chart, it looks like it hits resistance at that $105 area. Since I’m having a great beginning to 2018 I decided to take a little calculated risk on this Covered Call. I just sold my 1000 shares of RH at $104.32. I just made a fantastic few hour profit on the stock but I am now naked on a $104 Call, with a very volatile stock. I locked in a $4420 profit on the stock, but the Naked Call can put me in trouble if the stock continues up. I don’t think it will since it hit that $105 which I feel is temporary resistance. As I write the stock is at $103.90. I really need it to stay below $104. You know I’ll be watching this like a hawk. If it doesn’t continue to drop and it hangs around the $104 area I’ll buy the stock back to cover the Call again.<\/p>\n
1\/22\/18 – Buy 1000 Shares RH @ $99.90<\/p>\n
1\/22\/18 – Sell 1000 Shares RH @ $104.32<\/p>\n
Profit +$4420<\/strong><\/span><\/p>\n <\/p>\n If this works out the way I think it will, this will be one great day!<\/p>\n <\/p>\n Steve<\/p>\n The Options Coach<\/em><\/p>\n <\/p>\n","protected":false},"excerpt":{"rendered":" I’ve been watching RH a long time, every day! Many days I feel like I know how it’s gonna move. That comes with being familiar with a stock. Today I bought 1000 shares of RH at $99.90. I also sold a 10 contract $104 Call. The stock went all the way up to $105; $1 […]<\/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-3952","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\/p75MP0-11K","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/3952","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=3952"}],"version-history":[{"count":1,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/3952\/revisions"}],"predecessor-version":[{"id":3953,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/3952\/revisions\/3953"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3952"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3952"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3952"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}