{"id":4313,"date":"2018-06-19T15:24:41","date_gmt":"2018-06-19T19:24:41","guid":{"rendered":"http:\/\/www.mainstbeatswallst.com\/?p=4313"},"modified":"2018-06-20T10:20:30","modified_gmt":"2018-06-20T14:20:30","slug":"sold-a-netflix-call","status":"publish","type":"post","link":"https:\/\/www.mainstbeatswallst.com\/?p=4313","title":{"rendered":"Sold a Netflix Call"},"content":{"rendered":"<p><a href=\"https:\/\/i0.wp.com\/www.mainstbeatswallst.com\/wp-content\/uploads\/2016\/05\/Risk1-1.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1635\" data-permalink=\"https:\/\/www.mainstbeatswallst.com\/?attachment_id=1635\" data-orig-file=\"https:\/\/i0.wp.com\/www.mainstbeatswallst.com\/wp-content\/uploads\/2016\/05\/Risk1-1.png?fit=75%2C90&amp;ssl=1\" data-orig-size=\"75,90\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Risk1\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/www.mainstbeatswallst.com\/wp-content\/uploads\/2016\/05\/Risk1-1.png?fit=75%2C90&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/www.mainstbeatswallst.com\/wp-content\/uploads\/2016\/05\/Risk1-1.png?fit=75%2C90&amp;ssl=1\" class=\"wp-image-1635 alignleft\" src=\"https:\/\/i0.wp.com\/www.mainstbeatswallst.com\/wp-content\/uploads\/2016\/05\/Risk1-1.png?resize=86%2C103\" alt=\"\" width=\"86\" height=\"103\" \/><\/a><\/p>\n<p>Are you watching Netflix (NFLX)? This stock is moving crazy, even on a down day. How long can it run? Who knows?<\/p>\n<p>As most of you know I&#8217;m holding 300 shares of NFLX in my trading account. 100 is for my &#8220;Gift Account&#8221; but I&#8217;m holding them in my &#8220;Trading Account.&#8221; The reason is, I bought them in my Trading Account, as all the stock in my Gift Account, but I didn&#8217;t transfer them yet because they&#8217;re worth too much money. In my Trading Account I trade on margin, and if I transfer them now it will upset my margin. The other 200 shares are meant for trading but I haven&#8217;t been selling Calls against them because they keep going higher. Today with the stock up another $14 I decided to sell a Call on my 200 shares I trade with. With the stock at $404.50 I sold 2 $415 Call for a $3 premium. This brought me in $600 and the Call will expire this Friday. I went out to the $415 Strike Price because I really don&#8217;t want to get assigned. I bought 100 of these shares at $313.10 and the other 100 at $333.85. If the stock continues to move crazy and I get assigned I will make a nice profit on the stock sale in addition to the premium.<\/p>\n<h4 style=\"text-align: center;\">Sell to Open 2 NFLX 6\/22\/18 $415.00 C @ $3.00 (+$600)<\/h4>\n<p>&nbsp;<\/p>\n<p>This is a Covered Call so the trade gets a <strong>Risk Factor 1<\/strong>.<\/p>\n<p>Still watching RH closely to see what I want to do.<\/p>\n<p>&nbsp;<\/p>\n<p>Steve<\/p>\n<p><em>The Options Coach<\/em><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Are you watching Netflix (NFLX)? This stock is moving crazy, even on a down day. How long can it run? Who knows? As most of you know I&#8217;m holding 300 shares of NFLX in my trading account. 100 is for my &#8220;Gift Account&#8221; but I&#8217;m holding them in my &#8220;Trading Account.&#8221; The reason is, I [&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-4313","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\/p75MP0-17z","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/4313","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=4313"}],"version-history":[{"count":2,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/4313\/revisions"}],"predecessor-version":[{"id":4316,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/4313\/revisions\/4316"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4313"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4313"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4313"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}