Earlier today I sold a Call on 1000 shares of Netflix (NFLX). The stock pulled back a little so I just bought my way out of the Call I sold. I sold for $1 and I bought for $.50. On the sale I received $1000 and paid $500 to end the deal for a profit of $500. I did this because I had a $500 profit in a few hours and if NFLX moves tomorrow I can sell another Call. Let’s see what tomorrow brings. Here’s the Sell to Open and theBuy to Close orders
:
Sell to Open 10 NFLX 3/11/16 $101 C @ $1 (+$1000)
Buy to Close 10 NFLX 3/11/16 $101 C @ $.50 (-$500)
Deal over! Money in the mattress!
Any questions, sent me an email.
Steve
The Options Coach