{"id":12386,"date":"2021-10-12T11:27:01","date_gmt":"2021-10-12T15:27:01","guid":{"rendered":"http:\/\/www.mainstbeatswallst.com\/?page_id=12386"},"modified":"2021-10-12T11:27:01","modified_gmt":"2021-10-12T15:27:01","slug":"microchip-splits-at-the-close","status":"publish","type":"page","link":"https:\/\/www.mainstbeatswallst.com\/?page_id=12386","title":{"rendered":"Microchip Splits at the Close"},"content":{"rendered":"<p>Today is October 12th, at the close today Microchip (MCHP) will do a 2:1 split. As you know I like to play splitting stocks, but I don&#8217;t like the way this stock has been moving. Then again, I don&#8217;t like the way anything is moving. Having said that, I&#8217;m sticking to my split strategy. Today with the stock at $142.90 I bought 5 MCHP 6\/17\/22 $145 Calls. After the stock splits I like to get out with a gain as soon as I can. So I normally would buy a shorter term option, but since I don&#8217;t like the way the stock is moving I went out to June with my Strike Price. However, I plan on being out much sooner. Going out a bit gives me \u00a0protection against Time Decay.<\/p>\n<p style=\"text-align: center;\"><strong>Buy to Open 5 MCHP 6\/17\/22 $145.00 C @ $14.40<\/strong><\/p>\n<p>I bought 5 contracts of the 145 Calls. After the close I&#8217;ll own 10 contracts of the $72.50 Calls. I don&#8217;t like the way the stock is moving but It&#8217;s still an A rated stock with an &#8220;Outperform&#8221; rating. I think I&#8217;ll make money on this trade. I give the trade a <strong>Risk Factor 2<\/strong>.<\/p>\n<p>If you have any questions on my split strategy send me an email.<\/p>\n<p>&nbsp;<\/p>\n<p>Successful trading,<\/p>\n<p>Steve<\/p>\n<p><em>The Options Coach<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Today is October 12th, at the close today Microchip (MCHP) will do a 2:1 split. As you know I like to play splitting stocks, but I don&#8217;t like the way this stock has been moving. Then again, I don&#8217;t like the way anything is moving. Having said that, I&#8217;m sticking to my split strategy. Today [&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-12386","page","type-page","status-publish","hentry"],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/P75MP0-3dM","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/12386","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=12386"}],"version-history":[{"count":1,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/12386\/revisions"}],"predecessor-version":[{"id":12387,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/12386\/revisions\/12387"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12386"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}