{"id":5903,"date":"2019-10-15T10:14:49","date_gmt":"2019-10-15T14:14:49","guid":{"rendered":"http:\/\/www.mainstbeatswallst.com\/?p=5903"},"modified":"2019-11-30T18:14:46","modified_gmt":"2019-11-30T23:14:46","slug":"sold-a-10-contract-call-on-sq","status":"publish","type":"post","link":"https:\/\/www.mainstbeatswallst.com\/?p=5903","title":{"rendered":"Sold a 10 Contract Call on SQ"},"content":{"rendered":"

\"\"<\/a>I was just filled on a 10 Contract Call on shares of Square (SQ) I own.<\/p>\n

Yesterday, in the post reporting a sale of a 10 contract Call on AMD, I mentioned I placed an order to sell a Call on SQ. I wrote:<\/p>\n

\u00a0I also have an order in to sell a 10 contract Call with Square (SQ). I bought 1000 shares on 10\/1\/19, sold a Call, and was not assigned. Since I still own the shares I\u2019m trying to get another Call sold. I\u2019m going for a 10\/18\/19 $63 Call for a premium of 75\u00a2. I\u2019ll let you know as soon as I get filled.<\/em><\/p>\n

Well, the day closed and I was not filled on that order. I guess I was getting a little greedy with a 75\u00a2 premium. Today SQ opened up close to $1. With the stock up around $62.90 I decided not to go with the $63 Strike Price. I went with the $63.50 Strike. With the stock up I could have gotten about 80\u00a2 for the $63 Strike Price, but I decided to go with the $63.50 Strike for a premium of 65\u00a2. I like the chances of the stock going a little higher so I took the $650 with the possibility of making more on the stock if I get assigned. I bought the stock at $62.75 so if I get assigned at $63.50 I\u2019ll make another 75\u00a2 on the stock sale for $750.<\/p>\n

Sell to Open 10 SQ 10\/18\/19 $63.50 C @ 65\u00a2 (+$650)<\/strong><\/p>\n

I might have jumped the gun a little on this trade. As I write the stock is up to $63.40 and the premium is up to 85\u00a2. No problem!<\/p>\n

This is a Covered Call on previously owned stock so the trade gets a Risk Factor 1<\/strong>. This is a low risk trade on a very good stock.<\/p>\n

This week is shaping up to be a nice one!<\/p>\n

Successful trading,<\/p>\n

Steve<\/p>\n

The Options Coach<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

I was just filled on a 10 Contract Call on shares of Square (SQ) I own. Yesterday, in the post reporting a sale of a 10 contract Call on AMD, I mentioned I placed an order to sell a Call on SQ. I wrote: \u00a0I also have an order in to sell a 10 contract […]<\/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-5903","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\/p75MP0-1xd","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/5903","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=5903"}],"version-history":[{"count":2,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/5903\/revisions"}],"predecessor-version":[{"id":6503,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/5903\/revisions\/6503"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5903"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5903"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5903"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}