{"id":5213,"date":"2019-07-11T16:24:03","date_gmt":"2019-07-11T20:24:03","guid":{"rendered":"http:\/\/www.mainstbeatswallst.com\/?p=5213"},"modified":"2019-08-03T11:54:12","modified_gmt":"2019-08-03T15:54:12","slug":"out-of-my-netflix-leap","status":"publish","type":"post","link":"https:\/\/www.mainstbeatswallst.com\/?p=5213","title":{"rendered":"Out of My Netflix Leap"},"content":{"rendered":"

I just jumped out of my Netflix (NFLX) LEAP option. I bought this 3 contract option on 6\/27\/19 and it was not due to expire until 6\/19\/20. I was only in for 2 weeks but I sold my option with a $1200 profit.<\/p>\n

LEAP Options are long term and most of the time you hold for a longer period. I still love NFLX and will be back in but looking at the candlestick chart it looks like it\u2019s going to hit resistance and may back off a few dollars. I figured if I can grab the $1200 and buy back when the stock is a little lower I will. Picking direction is the toughest thing to do when playing the market so if I\u2019m wrong no big deal, I just buy back in at some point. When I got out the stock was at $380. It looks like it hits resistance between $380 and $384. It\u2019s having trouble breaking the $385 mark but when it does I think it will be off and running. I feel it might back off a little before it breaks the $385. Take a look at the chart below.<\/p>\n

\"\"<\/a><\/p>\n

I\u2019m not sure how this is gonna come, I\u2019m not a computer engineer but I took a snap shot of my candlestick chart off my program. I hope it comes clear when emailed.<\/p>\n

This is a chart of about 6 months with the daily candlesticks. I placed a light blue line across the top of the candlesticks where I think the stock hits resistance. Take a look at the white, red and blue arrows below the candlesticks. Above these arrows is where the stock went up to the resistance line and backed off. All the way to the right, the last candlestick, is today\u2019s candlestick. It\u2019s all the way up against the resistance line. I think the stock will drop a little from here before it goes higher. If this happens I\u2019ll get back in my option at a lower point. If it goes above the line tomorrow or Monday, I\u2019ll get back in the option once it breaks above $385. In the mean time I locked in a $1200 profit in 2 weeks with an investment of $13,350. A 9% Rate of Return.<\/p>\n

6\/27\/19 \u2013 Buy to Open 3 NFLX 6\/19\/20 $400.00 C @ $44.50 ($13,350)<\/p>\n

7\/11\/19 \u2013 Sell to Close 3 NFLX\u00a06\/19\/20 $400.00 C @ $48.50 ($14,550)<\/p>\n

Profit +$1200<\/strong><\/span><\/p>\n

If you remember when I bought this option 2 weeks ago I first sold 100 shares of NFLX. I brought $36,800 into my account and bought this option to stay involved in NFLX. Well if I stayed in the stock, which I got out at $369, I would have made another $1100 dollars because I made my move today with the stock at $380. Well, after putting that $36,800 in my account I only invested $13,350 and I ended up making another $1200. My point is I made more money investing less money with the option. Any questions on this move please email me.<\/p>\n

There are many reason for the Strike Price and the Expiration Date you pick when buying options. I\u2019ll be getting into this very soon.<\/p>\n

Steve<\/p>\n

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

I just jumped out of my Netflix (NFLX) LEAP option. I bought this 3 contract option on 6\/27\/19 and it was not due to expire until 6\/19\/20. I was only in for 2 weeks but I sold my option with a $1200 profit. LEAP Options are long term and most of the time you hold […]<\/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-5213","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\/p75MP0-1m5","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/5213","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=5213"}],"version-history":[{"count":3,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/5213\/revisions"}],"predecessor-version":[{"id":5429,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/5213\/revisions\/5429"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5213"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5213"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5213"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}