Earlier I bought 100 shares of Amazon (AMZN) for $711.93 per share. I put in an order to sell a Call trying to get a $7 premium that would expire this Friday. The stock was going up and down all day but I never got executed on my Call. With the stock up at $718 I decided to grab the sure thing and I sold the stock. I figured, why hold the stock for 2 more days? I had a nice profit for holding the stock a few hours, so I bailed out. You never know what will happen tomorrow! No trader ever went broke taking a profit! Here’s the buy and sell orders for the 100 shares:
Buy 100 shares AMZN @ $711.93
Sell 100 shares AMZN @ $718.00
Profit +$607
Money in the mattress
As I write the market’s at session low. It’s nice making a few bucks on a down day.
Steve
The Options Coach