I’m sorry for all the emails! It’s turning out to be quite the busy day.<\/p>\n
Back in September when I was involved in the Apple and Tesla splits I made a lot of money because of LEAPS. I owned a bunch with both Apple and Tesla. I sold most to lock in profit, but I did hold onto a few. I still own 8 contracts with Apple and 1 with Tesla. I just sold my 1 Tesla LEAPS.<\/p>\n
I bought the 1 contract on 9\/3. It was a 6\/17\/22 $420 Call and I paid a $170 premium for $17,000.<\/p>\n
After moving up and down since the split, today Tesla received an upgrade from Morgan Stanley. As I write the stock is up $50. This position has been in losing territory for a while. With today’s pop I went into the positive. I know there’s a long time left to this contract but I like to lock in profit. I sold the position for $195 locking in a $2500 profit.<\/p>\n
9\/3\/20 \u2013 Buy to Open 1 TSLA 6\/17\/22 $420.00 C @ $170.00 \u00a0<\/strong><\/p>\n 11\/18\/20 \u2013 Sell to Close 1 TSLA 6\/17\/22 $420.00 C @ $195.00 <\/strong><\/p>\n After a big pop many times a stock will pull back. I liked the nice round figure of $2500 so I grabbed it. If there is a pull back I can always jump back in, but for now I’m out with a nice gain. I held the position for 2 months and got a return of 14.7%. Not the greatest return for buying options but many people lose money when buying. I’ll take it!<\/p>\n Just another example of why buying longer term options is much better than buying short term options. If this was a short term option I would have lost money because after the split the stock pulled back.<\/p>\n Successful trading,<\/p>\n Steve<\/p>\n The Options Coach<\/em><\/p>\n","protected":false},"excerpt":{"rendered":" I’m sorry for all the emails! It’s turning out to be quite the busy day. Back in September when I was involved in the Apple and Tesla splits I made a lot of money because of LEAPS. I owned a bunch with both Apple and Tesla. I sold most to lock in profit, but I […]<\/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-9335","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\/p75MP0-2qz","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/9335","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=9335"}],"version-history":[{"count":1,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/9335\/revisions"}],"predecessor-version":[{"id":9336,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/9335\/revisions\/9336"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=9335"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=9335"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=9335"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Profit $2500<\/strong><\/span><\/h4>\n