{"id":6675,"date":"2019-12-11T14:22:08","date_gmt":"2019-12-11T19:22:08","guid":{"rendered":"http:\/\/www.mainstbeatswallst.com\/?p=6675"},"modified":"2020-07-15T23:34:19","modified_gmt":"2020-07-16T03:34:19","slug":"jabil-covered-call","status":"publish","type":"post","link":"https:\/\/www.mainstbeatswallst.com\/?p=6675","title":{"rendered":"Jabil Covered Call"},"content":{"rendered":"

I was just filled on a 10 Contract Call with Jabil (JBL).<\/p>\n

\"\"<\/a>On 11\/27\/19 I bought 1000 shares of JBL at $39.08. JBL is a great stock with an \u201cA\u201d rating. When I bought the stock I also sold a 10 contract Call. That Call expired last Friday and I wasn\u2019t assigned. Today I sold another Call. I wasn\u2019t sure if I wanted to sell this Call or not because they are reporting earnings next Wednesday, a week from today. I didn\u2019t see an option I liked to expire this Friday so I sold one to expire next Friday, which will be after earnings. Because of earnings I got a nice premium. I\u2019m really not worried about their earnings; they\u2019re a great company.<\/p>\n

With the stock at $39.65 I was filled on my Call. I sold 10 contracts of the 12\/20\/19 $42 Calls. I went out on the Strike Price because I think they will report good earnings and the stock will go up. The $42 Strike will give me nice upside if my prediction is correct. If the stock doesn\u2019t go up I\u2019m still getting a nice premium of 65\u00a2. If I get assigned this will be a great trade. I\u2019ll make a $650 premium, plus another $2.92 on the stock for a $2920 gain.<\/p>\n

Sell to Open 10 JBL 12\/20\/19 $42.00 C @ 65\u00a2 (+$650)<\/strong><\/h4>\n

This is a Covered Call on a great stock with previously owned stock, so this trade gets a Risk Factor 1<\/strong>.<\/p>\n

This is another example where I\u2019m not looking for trades, but I own the shares, so I might as well bring in some cash by selling Calls.<\/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 with Jabil (JBL). On 11\/27\/19 I bought 1000 shares of JBL at $39.08. JBL is a great stock with an \u201cA\u201d rating. When I bought the stock I also sold a 10 contract Call. That Call expired last Friday and I wasn\u2019t assigned. Today I sold […]<\/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-6675","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\/p75MP0-1JF","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/6675","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=6675"}],"version-history":[{"count":2,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/6675\/revisions"}],"predecessor-version":[{"id":8135,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/6675\/revisions\/8135"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6675"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6675"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6675"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}