{"id":4361,"date":"2018-07-06T10:39:43","date_gmt":"2018-07-06T14:39:43","guid":{"rendered":"http:\/\/www.mainstbeatswallst.com\/?p=4361"},"modified":"2018-07-06T10:39:43","modified_gmt":"2018-07-06T14:39:43","slug":"sold-2-netflix-calls-2","status":"publish","type":"post","link":"https:\/\/www.mainstbeatswallst.com\/?p=4361","title":{"rendered":"Sold 2 Netflix Calls"},"content":{"rendered":"

\"\"<\/a>This week, ending today, has been an idle week so far. The markets have been very volatile with all the “trade war” talk, plus, today the government released a very good employment report. With the markets torn between good news with the economy and “trade war” worries, and me having a great 1st half, I’m laying low! I’m gonna try hard to keep all of my 1st half gains, and hopefully add to them, at a less rate because of more conservative trading. I will be writing about my 2nd half strategy this week.<\/p>\n

Today with Netflix (NFLX) on the move again, I just sold 2 Calls against 200 of my shares. With NFLX up $4 to $402.50 I sold (2) 7\/13\/18 $412.50 Calls for a $5 premium. On my 200 shares, or 2 contracts, this is a $1000 premium. I went up to the Strike Price of $412.50 so if the stock continues to go up I’ll make another 10 points on the stock if assigned. Who knows where the stock can go in the next week, but with the volatile I won’t mind getting assigned. I’ll have a nice gain on the stock in addition to a very nice premium.<\/p>\n

This trade is a Covered Call on previously owned stock so I give it a Risk Factor 1<\/strong>.<\/p>\n

 <\/p>\n

Sell to Open 2 NFLX 7\/13\/18 $412.50 C @ $5 (+$1000)<\/h4>\n

 <\/p>\n

Since I didn’t make any trades to expire today I figured let me get started on next week. These 200 shares I bought at $395 and $402. With a $5 premium this trade gives me a premium of about a 1.3% gain in 1 week. I love trades like this and it fits into my “1 Week\/1%<\/a><\/span>” strategy. Remember this 1.3% is premium only. If I get assigned I’ll make another $2800 on the stock sale. This will be an additional 3.5%. Even if NFLX blows my Strike Price out of the water and I get assigned with a large Opportunity Lost<\/a><\/span>, it will still be a great trade. If NFLX takes a big flop next week I would own the stock anyway so I might as well take a nice premium.<\/p>\n

 <\/p>\n

Any questions on this trade send an email.<\/p>\n

 <\/p>\n

Steve<\/p>\n

The Options Coach<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

This week, ending today, has been an idle week so far. The markets have been very volatile with all the “trade war” talk, plus, today the government released a very good employment report. With the markets torn between good news with the economy and “trade war” worries, and me having a great 1st half, I’m […]<\/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-4361","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\/p75MP0-18l","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/4361","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=4361"}],"version-history":[{"count":1,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/4361\/revisions"}],"predecessor-version":[{"id":4362,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/4361\/revisions\/4362"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4361"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4361"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4361"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}