Yesterday I bought 1000 Shares of Advanced Micro (AMD) and sold a 10 Contract Call. I sold the Call for $1 for a $1000 premium. Today the stock is down and the premium is down to 40\u00a2 so I did a “Buy to Close” to get out of the Calls. I received a $1000 premium and I just bought the Calls back for 40\u00a2 ($400) so I locked in a $600 profit. Today is only Tuesday so if the stock moves tomorrow I’ll try to sell another Call. Or if the stock moves a lot I’m no longer obligated to deliver the stock, I can enjoy the stock gain. Let’s watch and see what the stock does for the rest of the week.<\/p>\n
<\/p>\n
9\/17\/18 – Sell to Open 10 AMD 9\/21\/18 $33.50 C @ $1.00 (+$1000)<\/span><\/p>\n 9\/18\/18 – Buy to Close 10 AMD 9\/21\/18 $33.50 C @ 40\u00a2 (-$400)<\/p>\n Profit $600<\/strong><\/span><\/p>\n Any questions why I made this move send me an email.<\/p>\n <\/p>\n Steve<\/p>\n The Options Coach<\/em><\/p>\n","protected":false},"excerpt":{"rendered":" Yesterday I bought 1000 Shares of Advanced Micro (AMD) and sold a 10 Contract Call. I sold the Call for $1 for a $1000 premium. Today the stock is down and the premium is down to 40\u00a2 so I did a “Buy to Close” to get out of the Calls. I received a $1000 premium […]<\/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-4580","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\/p75MP0-1bS","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/4580","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=4580"}],"version-history":[{"count":1,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/4580\/revisions"}],"predecessor-version":[{"id":4581,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/4580\/revisions\/4581"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4580"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4580"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4580"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}