{"id":5667,"date":"2019-09-06T11:57:30","date_gmt":"2019-09-06T15:57:30","guid":{"rendered":"http:\/\/www.mainstbeatswallst.com\/?p=5667"},"modified":"2019-10-03T10:16:19","modified_gmt":"2019-10-03T14:16:19","slug":"buy-to-close-my-amd-call-again","status":"publish","type":"post","link":"https:\/\/www.mainstbeatswallst.com\/?p=5667","title":{"rendered":"“Buy to Close” My AMD Call…Again!"},"content":{"rendered":"

I\u2019ve been in and out of Advanced Micro Devices (AMD) Calls many times. And I just jumped out again with a nice profit.<\/p>\n

When it comes to AMD I feel like I\u2019m in a grove, I\u2019m playing this stock like a piano and the music is filling my mattress.<\/p>\n

If you take a look at my \u201cTrade History 2019<\/a><\/span>\u201d you will see 10 or 12 trades with AMD in the last 6 months. Every one was a winning trade. You can add this trade I just made to the list.<\/p>\n

Last week, on 8\/30 I sold a Call on AMD. It was a 10 contract 1\/17\/20 $35 Call. I received a premium of $2.70 for $2700. Today with the stock down the premium was down to $2.15. AMD is trading in a range so I watch for where I think it will hit support and resistance. Along with support and resistance I look at the premium. If I think it\u2019s time for a reversal and I can get out with a nice profit, I do! A little while ago I noticed AMD was down to where it was hitting support, and the premium was at the point where I could grab $550. With the premium at $2.15 I did a \u201cBuy to Close<\/strong>.\u201d I spent $2150 of the $2700 I brought in on the selling of the Call, to close the position. This gave me a $550 profit in one week and this deal is over!<\/p>\n

8\/30\/19 \u2013 Sell to Open 10 AMD 1\/17\/20 $35.00 C @ $2.70 (+$2700)<\/strong><\/p>\n

9\/6\/19 \u2013 Buy to Close 10 AMD 1\/17\/20 $35.00 C @ $2.15 (-$2150) <\/strong><\/p>\n

Profit +$550<\/strong><\/span><\/h4>\n

If you look at my \u201cActive Trades\/Current Positions<\/a><\/span>\u201d and scroll down to \u201cStill Active\u201d you will see I have a lot going on. Sometimes it\u2019s very hard to follow, and stay on top of everything. It\u2019s part of being an options trader, but I also think it\u2019s important to limit your positions. Fewer positions makes it easier to manage.<\/p>\n

I\u2019m pretty much set up for the next Expiration Day, 9\/13. I\u2019ll have a few position expiring and hopefully I\u2019ll get assigned on all.<\/p>\n

I really thought this week was going to be a quiet one. Unbelievable! It turned out to be one of the better weeks of the year.<\/p>\n

Right now I have to get into the yard and get a start on my weekend work. I guess I\u2019m done trading for the week. Have a great weekend!<\/p>\n

Steve<\/p>\n

The Options Coach\u00a0<\/em><\/p>\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

I\u2019ve been in and out of Advanced Micro Devices (AMD) Calls many times. And I just jumped out again with a nice profit. When it comes to AMD I feel like I\u2019m in a grove, I\u2019m playing this stock like a piano and the music is filling my mattress. If you take a look at […]<\/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-5667","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\/p75MP0-1tp","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/5667","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=5667"}],"version-history":[{"count":2,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/5667\/revisions"}],"predecessor-version":[{"id":5833,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/5667\/revisions\/5833"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5667"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5667"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5667"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}