Earlier today I sold 30 contracts of the $110 Calls. I received a premium of $1.25. On the 3000 shares the total was $3750. This afternoon NFLX took a little dip and the premium went down and I just bought back the Calls for $.85. This is a $.40 profit. Remember when you sell Calls you are going Short. When you go short you sell before you buy. I sold for $1.25 and bought back for $.85. This is a profit of $.40 per share. On the 3000 shares the total profit is $1200. I don\u2019t know about you but to me, that\u2019s a great day. If I held to Friday I would have kept the entire $1.25 for a total of $3750 but in the market things always happen. I like to grab the profit and look for another deal tomorrow. I still own the stock, 3000 shares of NFLX. Let\u2019s see what tomorrow brings. If it goes up, I can sell another Call. If it goes down, I hold until it comes back up and sell the stock or sell another Call. Here is the Order to get out of the option:<\/p>\n
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If you look at my post from earlier today you will see the order to sell this option.<\/p>\n
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Pages to look at to understand this trade:<\/strong><\/span><\/p>\n Covered Calls<\/p>\n Long & Short Positions<\/p>\n <\/p>\n <\/p>\n “In the Mattress”<\/p>\n <\/p>\n <\/p>\n <\/p>\n The Options Coach<\/p>\n","protected":false},"excerpt":{"rendered":" Earlier today I sold 30 contracts of the $110 Calls. I received a premium of $1.25. On the 3000 shares the total was $3750. This afternoon NFLX took a little dip and the premium went down and I just bought back the Calls for $.85. This is a $.40 profit. Remember when you sell Calls […]<\/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-891","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-en","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/891","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=891"}],"version-history":[{"count":1,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/891\/revisions"}],"predecessor-version":[{"id":892,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/891\/revisions\/892"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=891"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=891"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=891"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}1st completed trade of 2016!<\/strong><\/h3>\n
Profit $1200<\/strong><\/h2>\n