{"id":5774,"date":"2019-09-24T11:43:47","date_gmt":"2019-09-24T15:43:47","guid":{"rendered":"http:\/\/www.mainstbeatswallst.com\/?p=5774"},"modified":"2019-11-01T16:06:18","modified_gmt":"2019-11-01T20:06:18","slug":"sold-a-square-call","status":"publish","type":"post","link":"https:\/\/www.mainstbeatswallst.com\/?p=5774","title":{"rendered":"Sold A Square Call"},"content":{"rendered":"

\u00a0<\/p>\n

\"\"<\/a>Square (SQ) is moving nicely today. As I write it\u2019s up $1.25. It\u2019s still down about $1.50 from where I bought but I was able to get a Call sold.<\/p>\n

Last week I bought 1000 shares of SQ at $59.50. When I bought I did a Buy-Write. On Friday the Call expired but I wasn\u2019t assigned. The stock fell to about $2.50 below my buy-in price. I was a little worried I wasn\u2019t going to be able to get a Call sold this week. Today the stock is volatile but up. When the stock was at $58.20 I put in an order to sell a 10 contract Call to expire this Friday. I entered the order with the Strike Price of $59.50 and a premium of 60\u00a2. While the stock was fluctuating I was filled. Since I was filled a few minutes ago the stock moved back down to $57.20. I\u2019m happy getting filled for a $600 premium when I thought I was gonna be idle this week with SQ. This is a Covered Call on previously owned stock so it gets a Risk Factor 1<\/strong>.<\/p>\n

Sell to Open 10 SQ 9\/29\/19 $59.50 C @ 60\u00a2 (+$600)<\/strong><\/p>\n

I bought the stock at $59.50. Last week\u2019s Call was with a Strike Price of $60. This week with only 4 days remaining until expiration and the stock lower, I had to move to the Strike Price of $59.50 in order to get a decent premium. If I get assigned I will not make anything on the stock sale. Which is OK! Last week I brought in a $900 premium and now another $600. If I get assigned It will be a nice trade.<\/p>\n

Last week I made 3 Buy-Write trades, AMD, SQ and DISH. I was not assigned on any of these Covered Calls. Yesterday I sold a Call on AMD and today a Call with SQ. If I get a Call sold on DISH it can turn out to be a nice week.<\/p>\n

Steve<\/p>\n

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

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

\u00a0 Square (SQ) is moving nicely today. As I write it\u2019s up $1.25. It\u2019s still down about $1.50 from where I bought but I was able to get a Call sold. Last week I bought 1000 shares of SQ at $59.50. When I bought I did a Buy-Write. On Friday the Call expired but I […]<\/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-5774","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\/p75MP0-1v8","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/5774","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=5774"}],"version-history":[{"count":2,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/5774\/revisions"}],"predecessor-version":[{"id":6107,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/5774\/revisions\/6107"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5774"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5774"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5774"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}