Yesterday with RH up a few dollars I sold 20 contracts of the 2\/16\/18 $95 Calls for a $1.00 premium for $2000. Today the stock is volatile as usual. When the stock was heading down I entered a “Buy to Close” order at 50\u00a2, $1000, on the 20 contracts (2000 shares). When I get into a position, many times, I’ll look to get out with half my premium if I think there’s a shot of getting back in the same week for another (higher) premium. Well, yesterday I sold the Call for the $1.00 premium and brought in $2000. Today with 3 and a half days left until expiration I was able to get out of the position by paying a 50\u00a2 premium or $1000. In one day I locked in $1000 and this deal is over! Now, because of RH’s volatility, I’m looking for RH to rebound and I get to sell the option again and hopefully get another $1.00 premium. If that happens I bring in another $2000. If I don’t get to sell another Call my $1000 is already in my mattress and I’m happy.<\/p>\n
2\/12\/18 \u2013 Sell to Open 20 RH 2\/16\/18 $95 C @ $1.00 (+$2000)<\/p>\n
2\/13\/18 \u2013 Buy to Close 20 RH 2\/16\/18 $95 C @ 50\u00a2 (-$1000)<\/p>\n
\u00a0Profit +$1000<\/strong><\/span><\/p>\n <\/p>\n I have to leave my computer to go to basketball practice. I just entered an order to sell 20 contracts of the same Call, the 2\/16\/18 $95 Call for a $1.00 premium. While I’m away, if the stock bounces up I’ll have a shot of selling the Call again for the $2000. If not, I’ll try again tomorrow.<\/p>\n Let’s go RH! If I get filled on my order it will give me a total of $3000 in premiums for the week with RH.<\/p>\n Email me any questions.<\/p>\n As I write the 50\u00a2 premium I just did a “Buy to Close” with is up to 75\u00a2. If the stocks moves enough to move the premium another 25\u00a2 I’ll get filled at $1.00 for my $2000.<\/p>\n <\/p>\n Steve<\/p>\n The Options Coach<\/em><\/p>\n","protected":false},"excerpt":{"rendered":" Yesterday with RH up a few dollars I sold 20 contracts of the 2\/16\/18 $95 Calls for a $1.00 premium for $2000. Today the stock is volatile as usual. When the stock was heading down I entered a “Buy to Close” order at 50\u00a2, $1000, on the 20 contracts (2000 shares). When I get into […]<\/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-4014","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\/p75MP0-12K","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/4014","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=4014"}],"version-history":[{"count":1,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/4014\/revisions"}],"predecessor-version":[{"id":4015,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/4014\/revisions\/4015"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4014"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4014"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4014"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}