This morning I opened the week owning 1500 shares of RH. A few minutes after the opening bell the stock went up to $104. When it was up I placed an order to sell 15 contracts of the 2\/2\/18 $106 Calls for a $2 premium. As soon as I hit send I was executed on 12 contracts, leaving 3 contracts open. The stock took a turn down and went all the way down to below $101. I’m still waiting to get executed on the other 3 contracts but the stock’s gonna have to come up a few dollars. Getting executed on the 12 contracts did bring in a premium of $2400. If I get the other 3 I’ll have a total premium of $3000. Let’s watch and see what happens.<\/p>\n
Sell to Open 12 RH 2\/2\/18 $106.00 C @ $2 (+$2400)<\/p>\n
<\/p>\n
I also bought 1000 shares of Skechers (SKX) at $40.80. I put in an order to sell 10 contracts of the 2\/2\/18 $41 Calls for a 75\u00a2 premium but I’m still waiting to get executed. Hopefully I’ll get it today. A 75\u00a2 premium for a $40 stock is very nice for a 1 week option. I’ll let you know as soon as I get executed.<\/p>\n
Buy 1000 Shares SKX @ $40.80<\/p>\n
<\/p>\n
Steve<\/p>\n
The Options Coach<\/em><\/p>\n","protected":false},"excerpt":{"rendered":" This morning I opened the week owning 1500 shares of RH. A few minutes after the opening bell the stock went up to $104. When it was up I placed an order to sell 15 contracts of the 2\/2\/18 $106 Calls for a $2 premium. As soon as I hit send I was executed on […]<\/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-3978","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\/p75MP0-12a","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/3978","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=3978"}],"version-history":[{"count":1,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/3978\/revisions"}],"predecessor-version":[{"id":3979,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/3978\/revisions\/3979"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3978"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3978"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3978"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}