{"id":5657,"date":"2019-09-05T16:08:50","date_gmt":"2019-09-05T20:08:50","guid":{"rendered":"http:\/\/www.mainstbeatswallst.com\/?p=5657"},"modified":"2019-10-03T10:19:02","modified_gmt":"2019-10-03T14:19:02","slug":"buy-to-open-10-square-calls","status":"publish","type":"post","link":"https:\/\/www.mainstbeatswallst.com\/?p=5657","title":{"rendered":"&#8220;Buy to Open&#8221; 10 Square Calls"},"content":{"rendered":"<p>Just bought 10 Square (SQ) Calls.<\/p>\n<p>I like the payment sector. I own 10 PayPal Calls and I just bought 10 Square Call. As normally, I bought a Call with an Expiration Date that goes out a bit. The Call I bought today will not expire until next June. I don\u2019t plan on holding this Call that long but I might hold a few months. I bought 10 SQ 6\/19\/20 $65 Calls for a premium of $8.75.<\/p>\n<h4 style=\"text-align: center;\"><strong>Buy to Open 10 SQ 6\/19\/20 $65.00 C @ $8.75 ($8750)<\/strong><\/h4>\n<p>As I wrote before, when I buy Calls I like to have protection against <span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" href=\"http:\/\/www.mainstbeatswallst.com\/?page_id=444\">Time Decay<\/a><\/span> so I buy a longer contract. I do pay more for a longer contract but I think is worth the protection. It\u2019s a little cost for some insurance. The Delta on this Call is .55 which means with every $1 move in the stock my Call will go up 55\u00a2. Buying a 10 contract (1000 shares) option with a Delta of .55 is like owning 500 shares of the stock. The big difference is I paid $8750, and if I want to buy 500 shares at $63.10, which is where the stock was when I bought the Call, I would pay $31,550. I have the same benefit as owning 500 shares for only $8750. This is the power of buying options.<\/p>\n<p>If buying options, BE CAREFUL!<\/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>Just bought 10 Square (SQ) Calls. I like the payment sector. I own 10 PayPal Calls and I just bought 10 Square Call. As normally, I bought a Call with an Expiration Date that goes out a bit. The Call I bought today will not expire until next June. I don\u2019t plan on holding this [&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-5657","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\/p75MP0-1tf","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/5657","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=5657"}],"version-history":[{"count":2,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/5657\/revisions"}],"predecessor-version":[{"id":5834,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/5657\/revisions\/5834"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5657"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5657"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5657"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}