I just reported I sold a 5 contract Naked Call on NVDA. I was in it about an hour, the stock dropped and I did a “Buy to Close” for a $2000 profit.<\/p>\n
9\/1\/20 \u2013 Sell to Open 5 NVDA 9\/4\/20 $570.00 C @ $8.00 (+$4000)<\/strong><\/p>\n 9\/1\/20 \u2013 Buy to Close 5 NVDA 9\/4\/20 $570.00 C $ $4.00 (-$2000) <\/strong><\/p>\n I have a rule. If I get into a Naked Call, and the stock moves to the point where I can keep half the premium I signed up for, I do a “Buy to Close” to close the position with the profit. Naked Calls are dangerous! With this position I brought in $4000 from a $8 premium and the premium went down to $4. On the 5 contracts (500 shares) it’s a $2000 profit. I was in the position less than an hour.<\/p>\n Successful trading,<\/p>\n Steve<\/p>\n The Options Coach<\/em><\/p>\n","protected":false},"excerpt":{"rendered":" I just reported I sold a 5 contract Naked Call on NVDA. I was in it about an hour, the stock dropped and I did a “Buy to Close” for a $2000 profit. 9\/1\/20 \u2013 Sell to Open 5 NVDA 9\/4\/20 $570.00 C @ $8.00 (+$4000) 9\/1\/20 \u2013 Buy to Close 5 NVDA 9\/4\/20 $570.00 […]<\/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-8713","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\/p75MP0-2gx","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/8713","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=8713"}],"version-history":[{"count":1,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/8713\/revisions"}],"predecessor-version":[{"id":8714,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/8713\/revisions\/8714"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=8713"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=8713"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=8713"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}\u00a0Profit +$2000<\/strong><\/span><\/h4>\n
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