Yesterday I was driving on my way to Boston and looking for a last deal that would expire this Friday. My computer\u2019s battery was getting weak but I got this trade in before my computer died. I hope it wasn\u2019t a mistake! I didn\u2019t get a chance to post the trade so here it is.<\/p>\n
I bought 1000 shares of Twitter (TWTR) when the stock was at $42.90. The stock has been doing well and I only wanted to make 10\u00a2 on an assignment. A little while later I received a 53\u00a2 premium for selling 10 contracts of the TWTR 8\/2\/19 $43 Call. The total premium was $530.<\/p>\n
\u00a0Buy 1000 Shares TWTR @ $42.90<\/strong><\/p>\n Sell to Open 10 TWTR 8\/2\/19 $43.00 C @ 53\u00a2 (+$530)<\/strong><\/p>\n Right after I made these 2 trades the market started to tank on the Fed\u2019s comments. Everything went down! This is the problem with Covered Calls. And why I like to get assigned. If the stock goes down below where you bought you might have to hold the position for a while. Most times I love to get assigned. Get out of the entire Covered Call and move on to the next deal with the cash. TWTR did drop down below $42 but bounced back and closed at $42.31. I hope the stock comes completely back to my purchase price and goes above my Strike Price by tomorrow\u2019s close. I think there\u2019s a good chance of this happening but I don\u2019t think that will happen with my Micron or Applied Material Covered Calls. Next week will be a very interesting week.<\/p>\n Steve<\/p>\n The Options Coach\u00a0<\/em><\/p>\n\n\n <\/p>\n","protected":false},"excerpt":{"rendered":" Yesterday I was driving on my way to Boston and looking for a last deal that would expire this Friday. My computer\u2019s battery was getting weak but I got this trade in before my computer died. I hope it wasn\u2019t a mistake! I didn\u2019t get a chance to post the trade so here it is. […]<\/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-5408","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\/p75MP0-1pe","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/5408","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=5408"}],"version-history":[{"count":2,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/5408\/revisions"}],"predecessor-version":[{"id":5680,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/5408\/revisions\/5680"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5408"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5408"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5408"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}