This market continues to be extremely volatile. I\u2019ve been making a lot of trades that don\u2019t fit into my normal trade strategy. Many of them are buying Puts on my positions. I haven\u2019t been reporting them because they are not part of my teaching with Main Street beats Wall Street. I\u2019m hoping I\u2019ll write a report on these trades once the market calms down. But all the trades will be reflexed in my account which will be part of my annual report.<\/p>\n
Today I made a trade which fits into my normal trade strategy. I sold 10 Weight Watchers (WW) Calls. With the stock at $30 I sold a 3 day Call. I sold 10 WW 3\/6\/20 $31 Calls for a premium of 50\u00a2 ($500). I was gonna sell the $30.50 Call but I don\u2019t want to get assigned.<\/p>\n
Sell to Open 10 WW 3\/6\/20 $31.00 C @ 50\u00a2 (+$500)<\/strong><\/p>\n I do not own the shares to deliver at $31. I own the stock at $39.40 so I don\u2019t want to give these shares on assignment. If it looks like I\u2019m gonna get assigned I\u2019ll buy more shares to deliver at the lower price of $31. With this in mind this trade gets a Risk Factor 2<\/strong>. As I write the stock is up to $30.45. I might be buying the 1000 shares by the end of the day.<\/p>\n Successful Trading,<\/p>\n Steve<\/p>\n The Options Coach<\/em><\/p>\n","protected":false},"excerpt":{"rendered":" This market continues to be extremely volatile. I\u2019ve been making a lot of trades that don\u2019t fit into my normal trade strategy. Many of them are buying Puts on my positions. I haven\u2019t been reporting them because they are not part of my teaching with Main Street beats Wall Street. I\u2019m hoping I\u2019ll write 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-7289","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\/p75MP0-1Tz","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/7289","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=7289"}],"version-history":[{"count":2,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/7289\/revisions"}],"predecessor-version":[{"id":9771,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/7289\/revisions\/9771"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7289"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=7289"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=7289"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}