{"id":10664,"date":"2021-02-22T10:37:13","date_gmt":"2021-02-22T15:37:13","guid":{"rendered":"http:\/\/www.mainstbeatswallst.com\/?page_id=10664"},"modified":"2021-02-22T10:39:34","modified_gmt":"2021-02-22T15:39:34","slug":"bought-1000-shares-lx","status":"publish","type":"page","link":"https:\/\/www.mainstbeatswallst.com\/?page_id=10664","title":{"rendered":"Bought 1000 Shares of LX"},"content":{"rendered":"<p>On 2\/12\/21 I sold a 10 contract $15 Naked Call with Lexinfintech (LX). The stock only has monthly options so the Expiration Date is 3\/19\/21.<\/p>\n<p>This past Friday, 2\/19 was also an Expiration Day. Knowing I had this Naked Call going, last week I bought 1000 shares of the stock and also sold a 10 $15 Call to expire on Friday. I brought in a $400 premium on this 3 day Call.<\/p>\n<p>I figured I would buy the 1000 shares to cover my Naked Call expiring on 3\/19, and I would also bring in a premium. Which I did. The stock moved up above $15. On this Call I was hoping I wouldn&#8217;t get assigned so I kept the stock to Cover my 3\/19 Call. The way it worked out I was assigned at $15.<\/p>\n<p>Today the stock is down with the market so I just bought another 1000 shares at $13.80. My 3\/19 Call is no longer Naked. There are no more expiration Dates so this will stay a Covered Call.<\/p>\n<p style=\"text-align: center;\"><strong>Buy 1000 Shares LX @ $13.80<\/strong><\/p>\n<p>I hope this explanation makes sense. I&#8217;m writing a little fast because I want to get back to trading. The bottom line is I now have a Covered Call with a stock I love. This position is now a <strong>Risk Factor 1<\/strong>.<\/p>\n<p>If you have any questions send me an email.<\/p>\n<p>Successful trading,<\/p>\n<p>Steve<\/p>\n<p><em>The Options Coach<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>On 2\/12\/21 I sold a 10 contract $15 Naked Call with Lexinfintech (LX). The stock only has monthly options so the Expiration Date is 3\/19\/21. This past Friday, 2\/19 was also an Expiration Day. Knowing I had this Naked Call going, last week I bought 1000 shares of the stock and also sold a 10 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"class_list":["post-10664","page","type-page","status-publish","hentry"],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/P75MP0-2M0","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/10664","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/types\/page"}],"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=10664"}],"version-history":[{"count":2,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/10664\/revisions"}],"predecessor-version":[{"id":10668,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/10664\/revisions\/10668"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10664"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}