This morning I made trades with U.S. Steel (X), Macy’s (M), and Cleveland-Cliffs (CLF). I previously owned all the shares but was not assigned on them last week.<\/p>\n
I own 100 shares of X at $23.15 and 100 shares at $24.25. I own 200 shares at an average price of $23.70. I sold 2 contracts of the X 5\/7\/21 $24 Calls for a premium of 60\u00a2 for $120.<\/p>\n
<\/p>\n
Sell to Open 2 X \u00a05\/7\/21 $24.00 C @ 60\u00a2 (+$120)<\/strong><\/p>\n <\/p>\n This Call gave me a Return of 2.5%. This trade gets a Risk Factor 1<\/strong>.<\/p>\n I own 200 shares of M at $17. Last week I sold 2 $17 Calls and was not assigned. Today I sold another 2 contract Call. I sold 2 M 5\/7\/21 $17 Calls for a premium of 45\u00a2 for $45.<\/p>\n <\/p>\n Sell to Open 2 M 5\/7\/21 $17.00 C @ 45\u00a2 (+$45)<\/strong><\/p>\n <\/p>\n This trade gave me a return of 2.6% and also gets a Risk Factor 1<\/strong>.<\/p>\n Last week I bought 1100 shares of CLF. 100 was for a Grasshopper Trade. I bought the shares at $18.10 and last week I sold a $18.50 Call. I was not assigned. This week I decided to go with an In-the-Money Call. I own the stock at $18.10 but I sold the $18 Call. If I get assigned I’ll lose 10\u00a2 on the stock sale. But I got a better premium with the In-the-Money Call. I sold 1 CLF 5\/7\/21 $18 Call for a premium of 50\u00a2 for $50.<\/p>\n In-the-Money Covered Call<\/p>\n Sell to Open 1 CLF 5\/7\/21 $18.00 C @ 50\u00a2 (+$50)<\/strong><\/p>\n <\/p>\n If assigned I keep the 50\u00a2 premium but lose 10\u00a2 on the stock sale giving me a 40\u00a2 profit for $40. If I don’t get assigned I keep the $50 premium and I keep the stock. I still give this trade a Risk Factor 1.<\/strong><\/p>\n <\/p>\n Successful trading,<\/p>\n Steve<\/p>\n The Options Coach<\/em><\/p>\n","protected":false},"excerpt":{"rendered":" This morning I made trades with U.S. Steel (X), Macy’s (M), and Cleveland-Cliffs (CLF). I previously owned all the shares but was not assigned on them last week. I own 100 shares of X at $23.15 and 100 shares at $24.25. I own 200 shares at an average price of $23.70. I sold 2 contracts […]<\/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-11307","page","type-page","status-publish","hentry"],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/P75MP0-2Wn","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/11307","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=11307"}],"version-history":[{"count":1,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/11307\/revisions"}],"predecessor-version":[{"id":11308,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/11307\/revisions\/11308"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11307"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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