{"id":4466,"date":"2018-08-20T10:50:20","date_gmt":"2018-08-20T14:50:20","guid":{"rendered":"http:\/\/www.mainstbeatswallst.com\/?p=4466"},"modified":"2018-08-20T10:50:20","modified_gmt":"2018-08-20T14:50:20","slug":"sold-a-1-contract-call-on-rh","status":"publish","type":"post","link":"https:\/\/www.mainstbeatswallst.com\/?p=4466","title":{"rendered":"Sold a 1 Contract Call on RH"},"content":{"rendered":"

\"\"<\/a>Good morning readers, I just got out of a basketball coach’s meeting. The meeting started a little before the open and at the open (at the meeting) I made a trade.<\/p>\n

I still have 100 share of RH. Last week I had 200 but I was assigned on 100 on Friday’s expiration. With my remaining 100 shares I sold a 1 contract Call to make a Covered Call. I bought the shares on 8\/14 for $151. The Call I sold today was a 1 contract, $152.50 Call to expire this Friday. I received a $3 premium for $300. This is a very low risk trade so it gets a Risk Factor 1.<\/strong><\/p>\n

 <\/p>\n

Sell to Open 1 RH 8\/24\/18 $52.50 C @ $3.00 (+$300)<\/h4>\n

 <\/p>\n

For the loyal readers, you see I’ve been making a lot of Grasshopper<\/a><\/span> traders. I consider a Grasshopper trade to be a low cost trade. This is a trade with the buying of 100 shares and the selling of a 1 contract Call. These Grasshopper trades I’ve been making are great trades for beginners to make. You don’t need much money and they bring in a nice profit. This trade above is making me a Rate of Return<\/a><\/span> of 2%. What’s wrong with that?<\/p>\n

The reason for all my Grasshopper trades is because I have a lot of money tied up in Facebook and Netflix. Both stocks are below where I bought and I’m having trouble selling Call against these shares. I do have a little money left in my margin account so I make the Grasshopper trades and bring money in.<\/p>\n

I didn’t get to write my week ending report yet but my locked in profit for the week was $1620. Not bad for having most of my money tied up. Watch for my report.<\/p>\n

If you have any questions on Grasshopper trades send me an email. For beginning options traders, this is a great way to get started. I might be doing another 1 contract trade with RH before the end of the day. While my money ie tied up I’ll try to live with small trades.<\/p>\n

 <\/p>\n

Steve<\/p>\n

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

Good morning readers, I just got out of a basketball coach’s meeting. The meeting started a little before the open and at the open (at the meeting) I made a trade. I still have 100 share of RH. Last week I had 200 but I was assigned on 100 on Friday’s expiration. With my remaining […]<\/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-4466","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\/p75MP0-1a2","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/4466","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=4466"}],"version-history":[{"count":1,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/4466\/revisions"}],"predecessor-version":[{"id":4467,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/4466\/revisions\/4467"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4466"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4466"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4466"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}