I previously owned 1000 shares of Weight Watchers (WW). Clearly I\u2019m not buying stock today. On my shares I just sold a 10 contract Call.<\/p>\n
I bought 1000 the shares at $39.40. Today the stock is down with everything else. With the stock at $35.40 I sold a 2\/28\/20 $39.50 Call for a premium of $1.<\/p>\n
You might say that\u2019s a very nice premium for a 3 day option with the stock $3 below the strike Price. Well, WW is coming out with earnings right after the close. I already owned the stock so I figured I might as well grab a $1000 premium.<\/p>\n
I could have gotten a much larger premium this morning but the stock collapsed after being up for an hour or 2 after the open. I was waiting for the stock to move back up because of earnings but it never did.<\/p>\n
I\u2019m hoping the earnings are great and I get assigned.<\/p>\n
Until this market calms down I won\u2019t be doing much. I will probably remove all Trailing Stop orders on my Wealth Builder positions and get out as I see fit. I\u2019m not panicking yet. I have plenty of money in my margin so I\u2019m not gonna get a margin call.<\/p>\n
This is a time to sit back and watch. Most of my positions I don\u2019t mind holding long term if I have to.<\/p>\n
Stay tuned!<\/p>\n
Successful Trading,<\/p>\n
Steve<\/p>\n
The Options Coach\u00a0<\/em><\/p>\n","protected":false},"excerpt":{"rendered":" I previously owned 1000 shares of Weight Watchers (WW). Clearly I\u2019m not buying stock today. On my shares I just sold a 10 contract Call. I bought 1000 the shares at $39.40. Today the stock is down with everything else. With the stock at $35.40 I sold a 2\/28\/20 $39.50 Call for a premium of […]<\/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-7269","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\/p75MP0-1Tf","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/7269","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=7269"}],"version-history":[{"count":2,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/7269\/revisions"}],"predecessor-version":[{"id":9768,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/7269\/revisions\/9768"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7269"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=7269"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=7269"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}