I just bought another 1000 shares of Weight Watchers (WW) at $36.75 and sold a $37 Call.<\/p>\n
I like WW this week. The stock is in an uptrend and I think it will continue for a few weeks. WW will report earnings on Thursday, 2\/25. They received an upgrade by Goldman Sachs reporting an uptick in subscriptions. I don\u2019t know how their earnings will be but I think WW will give good guidance.<\/p>\n
I already own 1000 shares of WW at $39.40. I\u2019m still trying to get a Call sold on these shares. I really don\u2019t want to own another 1000 shares of WW but I think this is a good opportunity. Buying the additional 1000 shares at $36.75 and receiving a 95\u00a2 premium, I\u2019m hoping, will give me a gain of $250 on assignment plus the $950 premium. The premium alone is a return of 2.5%. If this works out I\u2019ll make $1200 on this 5 day deal. I like it!<\/p>\n
Weight Watchers Buy-Write<\/strong><\/p>\n Buy 1000 Shares WW @ $36.70<\/strong><\/p>\n Sell to Open 10 WW 2\/14\/20 $37.00 C @ 95\u00a2 (+$950)\u00a0<\/strong><\/p>\n This is a great example of how volatility effects premiums. I hope to get a Call sold on my other 1000 shares of WW this week.<\/p>\n The only thing that has me worrying is the coronavirus. Let\u2019s hope they can get it under control.<\/p>\n Successful trading,<\/p>\n Steve<\/p>\n The Options Coach<\/em><\/p>\n","protected":false},"excerpt":{"rendered":" I just bought another 1000 shares of Weight Watchers (WW) at $36.75 and sold a $37 Call. I like WW this week. The stock is in an uptrend and I think it will continue for a few weeks. WW will report earnings on Thursday, 2\/25. They received an upgrade by Goldman Sachs reporting an uptick […]<\/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-7150","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\/p75MP0-1Rk","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/7150","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=7150"}],"version-history":[{"count":2,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/7150\/revisions"}],"predecessor-version":[{"id":9766,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/7150\/revisions\/9766"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7150"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=7150"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=7150"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}