Hi Readers! The market is just opening and I’m sitting in the airport going to Cancun. I’ll be on the island of Isla Mujeres for the next 4 days, than I move to the main land of Cancun to the Hard Rock Resort. I’ll be back to NYC next Wednesday. I have my laptop and I’ll be posting, as long as I have good wifi.<\/p>\n
Yesterday I placed an order to sell 5 Calls on the 500 shares of Square (SQ) I’ve been holding. I placed the trade than had to leave my home because I had a lot to do with Fiore’s Pizza, my pizza joint, before I left. While I was away from the computer I was filled on my trade. Now, while sitting in the airport I finally have a minute to report the trade. I sold 5 contracts of the SQ 5\/11\/18 $55 Calls. I don’t think the stock will hit $55 by Friday so I entered the trade for a 50\u00a2 premium for $250. I’m in the stock at $54.71so if I get assigned, no big deal! I give this trade a Risk Factor 1<\/strong> because it’s a Covered Call on previously owned stock.<\/p>\n <\/p>\n It’s not much of a premium because the stock was at $53 and I sold the $55 Call. I had to go to $55 because I’m in the stock at $54.71. If assigned I didn’t want to lose money on the stock. Another reason for the low premium is it’s only a 3 day Call. The stock has been down so now that it started moving I’m happy getting a premium. Even if it’s only $250! Let’s see what happens. I would like to not get assigned because SQ has been moving.<\/p>\n Gotta get my plane!<\/p>\n <\/p>\n Steve<\/p>\n The Options Coach<\/em><\/p>\n","protected":false},"excerpt":{"rendered":" Hi Readers! The market is just opening and I’m sitting in the airport going to Cancun. I’ll be on the island of Isla Mujeres for the next 4 days, than I move to the main land of Cancun to the Hard Rock Resort. I’ll be back to NYC next Wednesday. I have my laptop and […]<\/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-4233","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\/p75MP0-16h","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/4233","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=4233"}],"version-history":[{"count":1,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/4233\/revisions"}],"predecessor-version":[{"id":4235,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/4233\/revisions\/4235"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4233"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4233"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4233"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Sell to Open 5 SQ 5\/11\/18 $55.00 C @ 55\u00a2 (+$250)<\/strong><\/h4>\n