{"id":914,"date":"2016-01-06T12:37:03","date_gmt":"2016-01-06T17:37:03","guid":{"rendered":"http:\/\/www.mainstbeatswallst.com\/?p=914"},"modified":"2016-01-06T12:37:03","modified_gmt":"2016-01-06T17:37:03","slug":"sold-more-calls-on-nflx","status":"publish","type":"post","link":"https:\/\/www.mainstbeatswallst.com\/?p=914","title":{"rendered":"Sold more Calls on NFLX"},"content":{"rendered":"

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If you read yesterday’s post you saw I sold a Call on my 3000 shares of Netflix (NFLX). About 4 hours later I bought them back giving me a $1200 profit. End of deal! Money in the mattress! Well, about 5 minutes ago I sold another Call on the same NFLX shares because they were freed up when I bought back the Call yesterday. I bought them back yesterday because the stock took a dip and it gave me an opportunity to get out of the deal with a profit. Today the stock opened lower but came back strong. Yesterday I sold the $110 Calls but today I was able to get a nice premium with the $112 Calls. Having the higher Strike Price gives me the potential to make more money on the stock while still getting a nice premium. Today I sold 30 contracts of the NFLX 1\/8\/16 $112 Calls and I received a premium of $1.05. On the 30 contracts (3000 shares) the total premium was $3150. The Expiration Date is this Friday, 3 days away. If the stock stays below $112 I keep the premium of $3150 and I keep my stock and if the stock goes above $112, I keep the premium of $3150 and sell my stock with assignment for $112. If the stock goes up a lot, then I’ll have an opportunity lost. I don’t really care which way it goes. Either way I’m making money. The only thing I don’t want to happen is the stock go way down. If that happens, I have to wait for it to come back before I can sell the stock or sell more Calls. This trade is a Covered Call so I put a Risk Factor of 1. Here is the order:<\/p>\n

 <\/p>\n

Sell to Open 30 NFLX 1\/8\/16 $112 C @ $1.05<\/strong><\/h3>\n

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Watch for the post on Friday or Saturday to see how I do. Will I make money or will I lose Money? If NFLX take a dip I might buy back the Call before Friday if I can grab a nice profit, as I did yesterday.<\/p>\n

 <\/p>\n

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

Covered Calls<\/p>\n

Selling Call Options<\/p>\n

Opportunity Lost<\/p>\n

Option Order Form<\/p>\n

Stock\/Options Glossary – Assignment<\/p>\n

 <\/p>\n

 <\/p>\n

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

If you read yesterday’s post you saw I sold a Call on my 3000 shares of Netflix (NFLX). About 4 hours later I bought them back giving me a $1200 profit. End of deal! Money in the mattress! Well, about 5 minutes ago I sold another Call on the same NFLX shares because they were […]<\/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-914","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-eK","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/914","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=914"}],"version-history":[{"count":1,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/914\/revisions"}],"predecessor-version":[{"id":915,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/914\/revisions\/915"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=914"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=914"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=914"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}