{"id":5458,"date":"2019-08-05T10:59:28","date_gmt":"2019-08-05T14:59:28","guid":{"rendered":"http:\/\/www.mainstbeatswallst.com\/?p=5458"},"modified":"2019-09-30T15:11:58","modified_gmt":"2019-09-30T19:11:58","slug":"out-of-my-twitter-calls","status":"publish","type":"post","link":"https:\/\/www.mainstbeatswallst.com\/?p=5458","title":{"rendered":"Out of My Twitter Calls"},"content":{"rendered":"<p>This past Friday I sold 10 Twitter (TWTR) Calls. With the market down today the premium dropped so I did a <strong>Buy to Close<\/strong> for a $600 profit.<\/p>\n<p>Late in the day on Friday I sold a 10 contract TWTR 8\/9\/19 $43 Call for a premium of 90\u00a2 for a total premium of $900. Today the market is down to start the week on China devaluing it\u2019s currency. This is all a part of the trade war. With the market down, and TWTR also down, the 90\u00a2 premium was down to 30\u00a2. Most <strong>Main Street beats Wall Street<\/strong> readers know I like to take advantage of this situation. To understand this movement in the premium and how a Call seller makes money here you must understand <span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" href=\"http:\/\/www.mainstbeatswallst.com\/?page_id=446\">Short Positions<\/a><\/span>. I sold this Call and brought in 90\u00a2 ($900) and bought the Call back for 30\u00a2 (-$300) which gave me a $600 profit. Here are the<strong> Sell to Open<\/strong> and the <strong>Buy to Close<\/strong> orders to complete the trade,<\/p>\n<p style=\"text-align: center;\"><strong>8\/2\/19 \u2013 Sell to Open 10 TWTR 8\/9\/19 $43.00 C @ 90\u00a2 (+$900)<\/strong><\/p>\n<p style=\"text-align: center;\"><strong>8\/5\/19 \u2013 Buy to Close 10 TWTR 8\/9\/19 $43.00 C @ \u00a230 (-$300) <\/strong><\/p>\n<h4 style=\"text-align: center;\"><strong>Profit +$600<\/strong><\/h4>\n<p>When I\u2019m in a position for a short time and I see an opportunity to get out with a nice profit, usually 50% or more of what I sign up for, I like to jump out and lock in profit. I will normally do this when there is plenty of time to expiration. I hope for a bounce back and an opportunity to sell another Call with the same Expiration Date. I hope I get another Call sold this week.<\/p>\n<p>Today is a very tough day for the market and it\u2019s times like this when you need a strong stomach. Being an options trader is not always a smooth road. Today we ran into rough terrain with many potholes.<\/p>\n<p>Steve<\/p>\n<p><em>The Options Coach<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>This past Friday I sold 10 Twitter (TWTR) Calls. With the market down today the premium dropped so I did a Buy to Close for a $600 profit. Late in the day on Friday I sold a 10 contract TWTR 8\/9\/19 $43 Call for a premium of 90\u00a2 for a total premium of $900. Today [&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-5458","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\/p75MP0-1q2","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/5458","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=5458"}],"version-history":[{"count":2,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/5458\/revisions"}],"predecessor-version":[{"id":5800,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/5458\/revisions\/5800"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5458"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5458"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5458"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}