I just sold 1 Netflix Call. I sold 1 contract of the NFLX 4\/26\/19 $380 Call for a premium of $2.50 for $250.<\/p>\n
I bought 100 shares of NFLX way back on 10\/11\/17. I bought in at $194.75 per share. I\u2019ve been holding the stock in my \u201cGift Account.\u201d The stock is up big today, $14 as I write. When I sold the Call the stock was at $373.25. After looking at the candlestick chart, I noticed the stock levels off, or pulls back after a day like this. Since I was holding the stock so long, and I\u2019m up a lot, I decided to sell an option. If I get assigned, which I hope I don\u2019t, I\u2019ll take my small premium, and the profit on the stock, and move on. I went with a $380 Strike Price so if I do get assigned I\u2019ll make another $7 on the stock sale. That would be another $700 onto my stock profit. If I get assigned this coming Friday my profit on the stock would be $18,525. Up almost 100% what I paid for the stock on 10\/11\/17.<\/p>\n
It sounds like a lot at stake for a very small premium of $250. But it might be time to move on from NFLX. I love the stock but I could use the money from the stock sale to trade with. Either way, if I get assigned or not, I\u2019m cool with the outcome. 100 shares of NFLX at $380 is worth $$38,000. I could put it to good work. Let\u2019s watch and see what NFLX does for the rest of the week.<\/p>\n
Steve<\/p>\n
The Options Coach<\/em><\/p>\n\n\n <\/p>\n","protected":false},"excerpt":{"rendered":" I just sold 1 Netflix Call. I sold 1 contract of the NFLX 4\/26\/19 $380 Call for a premium of $2.50 for $250. Sell to Open 1 NFLX 4\/26\/19 $380.00 C @ $2.50 (+$250) I bought 100 shares of NFLX way back on 10\/11\/17. I bought in at $194.75 per share. I\u2019ve been holding the […]<\/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-4961","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\/p75MP0-1i1","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/4961","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=4961"}],"version-history":[{"count":2,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/4961\/revisions"}],"predecessor-version":[{"id":5015,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/4961\/revisions\/5015"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4961"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4961"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4961"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}