{"id":4192,"date":"2018-04-20T15:15:29","date_gmt":"2018-04-20T19:15:29","guid":{"rendered":"http:\/\/www.mainstbeatswallst.com\/?p=4192"},"modified":"2018-04-20T15:15:29","modified_gmt":"2018-04-20T19:15:29","slug":"out-of-netflix-calls","status":"publish","type":"post","link":"https:\/\/www.mainstbeatswallst.com\/?p=4192","title":{"rendered":"Out of Netflix Calls"},"content":{"rendered":"<p>Earlier today I sold 2 contracts of the Netflix (NFLX) 4\/27\/18 $345 Calls. This morning NFLX shot up to $335 and I was able to sell a $345 Call for a premium of $3.10. On the 2 contracts I brought in $620. A few minutes ago, with NFLX pulling back to $328 I did a &#8220;Buy to Close&#8221; for a $1.50 premium. Whenever I can get out of a position with half of the premium I signed up for I like to do so. Especially if it&#8217;s the same day as I entered the position, and there&#8217;s still a week to get back in if the stock bounces back up. I sold this Call for $620 and I bought my way out for $300, profiting $320. For Grasshoppers new to options, you must know how <a href=\"http:\/\/www.mainstbeatswallst.com\/?page_id=446\"><span style=\"color: #0000ff;\">Short position<\/span><\/a> work. When you sell an option, this is a short position.<\/p>\n<p style=\"text-align: center;\">\nSell to Open 2 NFLX 4\/27\/18 $345.00 C @ $3.10 (+$620)<\/p>\n<p style=\"text-align: center;\">Buy to Close 2 NFLX 4\/27\/18 $345.00 C @ $1.50 (-$300)<\/p>\n<p style=\"text-align: center;\"><span style=\"text-decoration: underline;\"><strong>Profit +$320<\/strong><\/span><\/p>\n<p>&nbsp;<\/p>\n<p>This turned out to be a great trade which I was only in fora few hours. This $320 is in my mattress!<\/p>\n<p>&nbsp;<\/p>\n<p>If you have any question about this trade send me an email.<\/p>\n<p>&nbsp;<\/p>\n<p>Steve<\/p>\n<p><em>The Options Coach<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Earlier today I sold 2 contracts of the Netflix (NFLX) 4\/27\/18 $345 Calls. This morning NFLX shot up to $335 and I was able to sell a $345 Call for a premium of $3.10. On the 2 contracts I brought in $620. A few minutes ago, with NFLX pulling back to $328 I did a [&hellip;]<\/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-4192","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\/p75MP0-15C","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/4192","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=4192"}],"version-history":[{"count":1,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/4192\/revisions"}],"predecessor-version":[{"id":4193,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/4192\/revisions\/4193"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4192"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4192"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4192"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}