{"id":4991,"date":"2019-04-25T12:01:19","date_gmt":"2019-04-25T16:01:19","guid":{"rendered":"http:\/\/www.mainstbeatswallst.com\/?p=4991"},"modified":"2019-05-01T10:11:33","modified_gmt":"2019-05-01T14:11:33","slug":"out-of-netflix-call","status":"publish","type":"post","link":"https:\/\/www.mainstbeatswallst.com\/?p=4991","title":{"rendered":"Out of Netflix Call"},"content":{"rendered":"<p>Today with the market down I jumped out of my Netflix (NFLX) Call.<\/p>\n<p>I\u2019ve been holding 100 shares of NFLX for almost 2 years. And I\u2019m up close to 100% on the stock gain. This week I decided to bring in a premium with the selling of a 1 contract Call. The stock was at $372 and I sold a $380 Call to expire 4\/26\/19. The next day the volatile NFLX went up to $383, blowing through my $380 Strike Price. I didn\u2019t want to get assigned on my stock so I made an \u201c<span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" href=\"http:\/\/www.mainstbeatswallst.com\/?page_id=586\">Adjustment Trade<\/a>.<\/span>\u201d I did a Roll Up &amp; Out. I bought my way out of my Call and sold another Call with the Strike Price of $385 and the Expiration Date of 5\/3\/19.<\/p>\n<p>Today the market is down and so is NFLX. The stock came down to the point where I could do a \u201cBuy to Close\u201d and make a profit. I closed the position for a $200 profit. Take a look at the trades involved to open the position, Roll the position, and close the position:<\/p>\n<p style=\"text-align: center;\"><strong>4\/22\/19 \u2013 Sell to Open 1 NFLX 4\/26\/19 $380.00 C @ $2.50 (+$250)<\/strong><\/p>\n<p style=\"text-align: center;\"><strong>4\/23\/19 \u2013 Buy to Close 1 NFLX 4\/26\/19 $380.00 C @ $6.50 (-$650)<\/strong><\/p>\n<p style=\"text-align: center;\"><strong>4\/23\/19 \u2013 Sell to Open 1 NFLX 5\/3\/19 $385.00 C @ $7.50 (+$750)<\/strong><\/p>\n<p style=\"text-align: center;\"><strong>4\/25\/19 \u2013 Buy to Close 1 NFLX 5\/3\/19 $385.00 C @ $1.50 (-$150)\u00a0<\/strong><\/p>\n<p style=\"text-align: center;\"><strong>Profit +$200<\/strong><\/p>\n<p>Now that I closed the position I don\u2019t have the obligation to deliver my stock next Friday. If NFLX continues on it\u2019s upward direction I\u2019ll get the gain on the stock, while putting the $200 premium profit in my mattress.<\/p>\n<p>If the stock rebounds between today and tomorrow I\u2019ll be able to sell another Call to expire next Friday. Let\u2019s watch and see what NFLX does.<\/p>\n<p>When I sell a Call I determined whether I want to get assigned or not. The Strike Price and Expiration Date I choose is based on this decision. I have a different strategy to get assigned or to try an keep my stock. The \u201cAdjustment Trade\u201d I made above was made because I want to keep my NFLX stock while bringing in a premium.<\/p>\n<p>If you have any questions on the original Call sold and the \u201cAdjustment Trade\u201d I made, please send me an email.<\/p>\n<p>Steve<\/p>\n<p><em>The Options Coach<\/em><\/p>\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Today with the market down I jumped out of my Netflix (NFLX) Call. I\u2019ve been holding 100 shares of NFLX for almost 2 years. And I\u2019m up close to 100% on the stock gain. This week I decided to bring in a premium with the selling of a 1 contract Call. The stock was at [&hellip;]<\/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-4991","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\/p75MP0-1iv","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/4991","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=4991"}],"version-history":[{"count":2,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/4991\/revisions"}],"predecessor-version":[{"id":5024,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/4991\/revisions\/5024"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4991"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4991"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4991"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}