On 11/9/20 I bought 5 Square (SQ) 6/18/21 $185 Calls. I wanted to buy a Call option but most know I don’t buy short term options. This is why I bought an option to expire in June. I never planned to hold until June but I wanted to have protection against Time Decay.
In sticking with my “take profit” strategy, a few minutes ago I sold that Call for a $1300 profit’
11/9/20 – Buy to Open 5 SQ 6/18/21 $185.00 C @ $32.00
11/19/20 – Sell to Close 5 SQ 6/18/21 $185.00 C @ $34.60
Profit +$1300
I held this position for 10 days and brought in a $1300 profit. I think with this gain I’ll be well above my new weekly goal of $10,000.
Hit the link to go to the post reporting me entering this trade. Bought 5 SQ Calls.
Successful Trading,
Steve
The Options Coach