{"id":885,"date":"2016-01-05T10:27:21","date_gmt":"2016-01-05T15:27:21","guid":{"rendered":"http:\/\/www.mainstbeatswallst.com\/?p=885"},"modified":"2016-01-05T10:27:21","modified_gmt":"2016-01-05T15:27:21","slug":"sell-call-on-nflx","status":"publish","type":"post","link":"https:\/\/www.mainstbeatswallst.com\/?p=885","title":{"rendered":"Sell Call on NFLX"},"content":{"rendered":"

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Yesterday I bought 3000 shares of Netflix (NFLX) at $109. Today I decided to sell 30 contracts of the 1\/8\/16 $110 Call which along with my 3000 shares I now have a Covered Call. I was going to watch the stock a while but after reading a report on the FANG I decided to stay disciplined and stick to my money making strategies. FANG is a new term Wall Street is using for the 4 big tech companies, Facebook, Amazon, Netflix and Google. This report said “First Trust Dow Jones Internet Fund appears poised for a deeper sell-off given vulnerability to profit-taking in the FANG’s.” First Trust Internet Fund is a internet EFT. Who know if this will affect the stocks but right now NFLX is down 290. I have this Call until this Friday and I brought in a premium of $1.25 for a total of $3750. If NFLX stays around where it is until Friday I keep my stock and I keep the $3750 premium. If NFLX goes up above mu $110 Strike Price I will make a $1 on the stock because I bought it yesterday for $109, plus I’ll keep the premium but I’ll lose my stock. I’m in this game for the premium money. If the stock goes above the $110 Strike I’ll have an “Opportunity Lost.” Watch NFLX to see what happens to this trade or watch for my post Friday or Saturday. Since this is a trade to make a Covered Call I give this a Risk Factor of 1. Here is what my order look like:<\/p>\n

 <\/p>\n

Sell to Open 30 NFLX 1\/8\/16 $110 C @ $1.25<\/strong><\/h3>\n

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Pages to read to understand this trade:<\/strong><\/span><\/p>\n

Covered Call<\/p>\n

Opportunity Lost<\/p>\n

Option Order Form<\/p>\n

 <\/p>\n

The Options Coach<\/p>\n","protected":false},"excerpt":{"rendered":"

Yesterday I bought 3000 shares of Netflix (NFLX) at $109. Today I decided to sell 30 contracts of the 1\/8\/16 $110 Call which along with my 3000 shares I now have a Covered Call. I was going to watch the stock a while but after reading a report on the FANG I decided to stay […]<\/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-885","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-eh","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/885","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=885"}],"version-history":[{"count":1,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/885\/revisions"}],"predecessor-version":[{"id":886,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/885\/revisions\/886"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=885"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=885"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=885"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}