It was a pretty simple week with only 1 trade. I was trying to get something done with RH but it really didn’t do much this week. After a crazy jump last week I guess a lot of people were just sitting back and watching. I did the same.<\/p>\n
Netflix (NFLX) is another stock on a huge run. I hold 300 shares and with the stock closing at $411 this week it’s a very large investment. I hold 100 shares in my Trading Account for my “Gift Account.” The other 200 shares are also in my Trading Account but they are for trading.<\/p>\n
With the stock moving up big in the last few week I decided to sell a Call on the 200 shares. On Tuesday with the stock at $404 I was looking at the Strike Prices to pick one where I felt I wouldn’t get assigned. I decided on a 4 day Call with the Strike Price of $415. You know the stock can go anywhere in 4 days but I liked $415 Call. It was still $11 Out-of-the-Money and it had a premium of $3. On the 200 shares, or 2 contracts, the total premium was $600. I bought into these shares at two different times. 100 shares at $313 and the other 100 shares at $333. I felt that if the stock went above my Strike of $415 I’ll make a nice profit on the stock and I’d bring in a $600 premium, which is nice.<\/p>\n
After being in the Call for 2 days the stock went up to $420, WILD! However, it did drop back down and closed the week at $411.09. I was not assigned, I keep my stock and I keep the $600 premium. This money is in my mattress!<\/p>\n
<\/p>\n
6\/19\/18 \u2013 Sell to Open 2 NFLX 6\/22\/18 $415.00 C @ $3.00 (+$600)<\/p>\n
6\/22\/18 \u2013 Expired 2 NFLX 6\/22\/18 $415.00 C<\/p>\n
\u00a0Profit +$600<\/strong><\/span><\/p>\n <\/p>\n That was the only trade of the week. Nothing like last week but it’s still nice making $600 in 4 days. I will never complain with that.<\/p>\n <\/p>\n I’m gonna be changing my trading strategy a bit after next week. We have 1 more week of trading in the 1st half of the year and I’m gonna try hard to keep all of my profits. I had a great 1st half and I want to hold on to all of it. I’ll be writing about this and my 2nd half strategy after next weekend.<\/p>\n Enjoy the weekend!<\/p>\n <\/p>\n Steve<\/p>\n The Options Coach<\/em><\/p>\n","protected":false},"excerpt":{"rendered":" It was a pretty simple week with only 1 trade. I was trying to get something done with RH but it really didn’t do much this week. After a crazy jump last week I guess a lot of people were just sitting back and watching. I did the same. Netflix (NFLX) is another stock 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-4323","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\/p75MP0-17J","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/4323","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=4323"}],"version-history":[{"count":1,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/4323\/revisions"}],"predecessor-version":[{"id":4324,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/4323\/revisions\/4324"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4323"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4323"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4323"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Total Weekly Gain $600<\/h4>\n