{"id":5652,"date":"2019-09-05T15:16:05","date_gmt":"2019-09-05T19:16:05","guid":{"rendered":"http:\/\/www.mainstbeatswallst.com\/?p=5652"},"modified":"2019-10-03T10:13:52","modified_gmt":"2019-10-03T14:13:52","slug":"sold-a-20-contract-call-with-snap","status":"publish","type":"post","link":"https:\/\/www.mainstbeatswallst.com\/?p=5652","title":{"rendered":"Sold a 20 Contract Call with Snap"},"content":{"rendered":"<p>2 Days ago of bought 2000 shares of Snap (SNAP). I was just filled on selling a 20 contract Call.<\/p>\n<p>I bought the 2000 shares at $16. I got into this trade for the selling of a Call to make a Covered Call. I\u2019m not very high on Snap but it did received an upgrade and a raised price target. I figured it was a good time to make a quick trade for a nice return. I sold a $16 Call so if I get assigned I will not make a profit on the stock. I\u2019m in it for the premium only. I sold the Snap 9\/13\/19 $16 Call for a premium of 45\u00a2. On the 20 contract this will be a $900 gain.<\/p>\n<h4 style=\"text-align: center;\"><strong>Sell to Open 20 SNAP 9\/13\/19 $16.00 C @ 45\u00a2 (+$900)<\/strong><\/h4>\n<p>I really wanted to get a Call sold with the Expiration Date of 9\/6\/19, tomorrow. I tried for 2 days to get a premium I liked but never got filled. I decided to go out another week to next Friday, and I got the 45\u00a2. 45\u00a2 is a great premium for a 1 week trade. The <span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" href=\"http:\/\/www.mainstbeatswallst.com\/?page_id=379\">Rate of Return<\/a><\/span> is 2.8%. I really don\u2019t want to hold Snap so I hope I get assigned to end this deal next Friday. Let\u2019s watch what happens!<\/p>\n<p>Steve<\/p>\n<p><em>The Options Coach<\/em><\/p>\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>2 Days ago of bought 2000 shares of Snap (SNAP). I was just filled on selling a 20 contract Call. I bought the 2000 shares at $16. I got into this trade for the selling of a Call to make a Covered Call. I\u2019m not very high on Snap but it did received an upgrade [&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-5652","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\/p75MP0-1ta","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/5652","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=5652"}],"version-history":[{"count":2,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/5652\/revisions"}],"predecessor-version":[{"id":5832,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/5652\/revisions\/5832"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5652"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5652"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5652"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}