I just sold a Call against my 1000 shares of Twitter (TWTR) with 15 seconds left to the week.<\/p>\n
A few days ago I bought 1000 shares of TWTR at $42.90 and sold a $43 Call. This was a Covered Call with 3 days to expiration. I received a premium of 53\u00a2 for $530.<\/p>\n
A little while ago, with 1 minute left to the trading week, TWTR was right around my Strike Price of $43. I was watching closely because if the stock was to close above $43 I know I would be assigned and be completely out go this Covered Call. But if it closed below $43 I would keep the $530 premium and keep my 1000 shares of the stock. If it was gonna close below my $43 Strike Price, and I was not gonna get assigned, I wanted to get another Call sold before the weekend. I like selling Calls on Friday because there\u2019s more Time Value and I get a bigger premium.<\/p>\n
With 30 seconds left I had my finger on the trigger to sell the Call if the stock was to stay below $43. It was right at $42.97. With 15 seconds left in the trading week the stock went down to $42.85. At that point I felt I was safe to sell the Call and have another Covered Call because it looked like I would not get assigned, I would keep my stock. I don\u2019t know about you but I find this very exciting.<\/p>\n
With 1 minute left to the day I had the order placed on my trading screen ready for me to pull the trigger. I had the order set for 10 contracts of the TWTR 8\/9\/19 $43 Call with a premium of 90\u00a2. I was filled as soon as I hit the button with 10 or 15 seconds in the day.<\/p>\n
Sell to Open 10 TWTR 8\/9\/19 $43.00 C @ 90\u00a2 (+$900)<\/strong><\/p>\n You can read about the Covered Call I did 3 days ago in my week ending results. This is the first trade to start next week and I feel it\u2019s a good start.<\/p>\n I was torn between selling the $43 Strike Price Call or the $43.50 Call. I received 90\u00a2 for the $43 and the $43.50 I would have gotten 70\u00a2. I went with the higher premium! The way the market\u2019s moving I figured I\u2019ll go with the higher premium and a better chance of getting assigned. Any time I can get assigned and move on to the next deal I go with that option.<\/p>\n I had another great week! Watch for my week ending results.<\/p>\n Steve<\/p>\n The Options Coach<\/em><\/p>\n\n\n <\/p>\n","protected":false},"excerpt":{"rendered":" I just sold a Call against my 1000 shares of Twitter (TWTR) with 15 seconds left to the week. A few days ago I bought 1000 shares of TWTR at $42.90 and sold a $43 Call. This was a Covered Call with 3 days to expiration. I received a premium of 53\u00a2 for $530. A […]<\/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-5421","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\/p75MP0-1pr","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/5421","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=5421"}],"version-history":[{"count":2,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/5421\/revisions"}],"predecessor-version":[{"id":5797,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/5421\/revisions\/5797"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5421"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5421"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5421"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}