{"id":5279,"date":"2019-07-16T13:46:56","date_gmt":"2019-07-16T17:46:56","guid":{"rendered":"http:\/\/www.mainstbeatswallst.com\/?p=5279"},"modified":"2019-08-03T12:25:54","modified_gmt":"2019-08-03T16:25:54","slug":"sold-my-square-puts","status":"publish","type":"post","link":"https:\/\/www.mainstbeatswallst.com\/?p=5279","title":{"rendered":"Sold my Square Puts"},"content":{"rendered":"<p>Square (SQ) have been on a tear lately. But last Friday I noticed a reversal pattern on the candlestick chart. Take a look at the post reporting this reversal and me buying the Puts at <span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" href=\"http:\/\/www.mainstbeatswallst.com\/?page_id=5216\">Bought Put Position with Square<\/a><\/span>.<\/p>\n<p>Normally when I see a stock I feel is gonna go down I\u2019ll sell a Call. This time I decided to buy a PUT. I felt so strongly about a reversal I didn\u2019t even wait for a conformation candle. It\u2019s best to wait until the next day to see what the stock does to confirm that the reversal has started. When I saw the stock hitting resistance at the high $82\u2019s and the stock also hit resistance in the past at the same level I decided not to wait until the next trading day. Not a smart move, but as I said, I felt very strong!<\/p>\n<p>I bought 10 0f the 6\/16\/19 $80 Puts for $2.92. I went out to August for protection. I went into the position to pick up 50\u00a2 for a $500 profit. I felt it would happen fast! Well 4 days later, which included the weekend, I jumped out today with a $530 profit.<\/p>\n<p style=\"text-align: center;\"><strong>7\/12\/19 \u2013 Buy to Open 10 SQ 8\/16\/19 $80.00 P @ $2.92 ($2920)<\/strong><\/p>\n<p style=\"text-align: center;\"><strong>7\/16\/19 \u2013 Sell to Close 10 SQ 8\/16\/19 $80.00 P @ $3.45 ($3450)<\/strong><\/p>\n<h4 style=\"text-align: center;\"><span style=\"text-decoration: underline;\"><strong>Profit +$530<\/strong><\/span><\/h4>\n<p>I invested $2920 for 4 days and had a <span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" href=\"http:\/\/www.mainstbeatswallst.com\/?page_id=379\">Rate of Return<\/a><\/span> of $18%. Fantastic!<\/p>\n<p>Try to lock up $3000 with a bank and see what they\u2019ll give you. This is why you have to re-program your brain for weekly and monthly returns and forget about annualized returns<\/p>\n<p>Steve<\/p>\n<p>The Options Coach<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Square (SQ) have been on a tear lately. But last Friday I noticed a reversal pattern on the candlestick chart. Take a look at the post reporting this reversal and me buying the Puts at Bought Put Position with Square. Normally when I see a stock I feel is gonna go down I\u2019ll sell a [&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-5279","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\/p75MP0-1n9","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/5279","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=5279"}],"version-history":[{"count":2,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/5279\/revisions"}],"predecessor-version":[{"id":5438,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/5279\/revisions\/5438"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5279"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5279"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5279"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}