I owned 20 Long Calls with McDermott Intl (MDR) and I just sold 5 of them.<\/p>\n
Last week on 10\/30 I bought 20 MDR 1\/17\/19 $1.50 Calls. I just noticed I forgot to report when I made this trade. However, it is listed on my “Active Trades” page. Doesn’t happen often but once in a while I slip up.<\/p>\n
With the stock at $1.64 on 10\/30 it was on the “Unusually Activity” list. I really don’t know much about the stock. It’s a low priced stock, there was a lot of activity, so I went against my rules and took a shot. I’m having a crazy good year so I got weak. Today the stock is down again and it’s at $1.02. I really should have went out a year or 2 with a LEAPS option.<\/p>\n
I bought 20 of the Calls with a $1.50 premium and laid out $1300. Looking at the stock I see it’s at it’s all time low. Hopefully it’s hitting support and it come back up. I’m a little pessimistic about that, and this is an option expiring in January. I decided to start bailing out at a loss before Time Decay makes this option completely worthless. I sold 5 of the Calls at 20\u00a2. I still own 15 and I’ll watch it closely to see how it works out.<\/p>\n
10\/30\/19 – Buy to Open 5 MDR 1\/17\/19 $1.50 C @ $65\u00a2 ($325)<\/strong><\/p>\n 11\/8\/19 – Sell to Close 5 MDR 1\/17\/19 $1.50 C @ 20\u00a2 ($100)<\/strong><\/p>\n I posted that I bought 5 contracts but I bought 20. I’m still holding 15 Contracts. I just listed the 5 because I sold 5.<\/p>\n Successful trading,<\/p>\n Steve<\/p>\n The Options Coach<\/em><\/p>\n","protected":false},"excerpt":{"rendered":" I owned 20 Long Calls with McDermott Intl (MDR) and I just sold 5 of them. Last week on 10\/30 I bought 20 MDR 1\/17\/19 $1.50 Calls. I just noticed I forgot to report when I made this trade. However, it is listed on my “Active Trades” page. Doesn’t happen often but once in a […]<\/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-6231","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\/p75MP0-1Cv","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/6231","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=6231"}],"version-history":[{"count":2,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/6231\/revisions"}],"predecessor-version":[{"id":7496,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/6231\/revisions\/7496"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6231"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6231"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6231"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Loss -$225<\/strong><\/h4>\n