{"id":7952,"date":"2020-06-30T10:39:28","date_gmt":"2020-06-30T14:39:28","guid":{"rendered":"http:\/\/www.mainstbeatswallst.com\/?page_id=7952"},"modified":"2020-06-30T10:42:56","modified_gmt":"2020-06-30T14:42:56","slug":"filled-on-a-few-morecovered-call-trades","status":"publish","type":"page","link":"https:\/\/www.mainstbeatswallst.com\/?page_id=7952","title":{"rendered":"Filled on a Few More Covered Call Trades"},"content":{"rendered":"<p>Most readers know Naked Calls are my #1 strategy, but now is not the time! With the market moving the way it is I highly recommend covering your Short Calls, unless you go a bit Out-of-the-Money and take a much smaller premium.<\/p>\n<p>At this time I want to be covered because the market can continue to move up. But it could go down! Take a look at my post<span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" href=\"http:\/\/www.mainstbeatswallst.com\/?page_id=7930\"> Results Week Ending 6\/26\/20<\/a><\/span>. I put a snapshot of the <strong>Daily Candlestick Chart<\/strong> of the DOW Jones. I showed that the 8 Day Moving Average (MA) was coming down to the 50 Day MA. The question is, will the 8 Day MA bounce off the 50 Day MA and &nbsp;continue up, OR, will it go south of the 50 Day MA? The day after the session when they touch, I feel, will be a telling day. The daily candles have been staying between the 2 MA lines for the last week. I believe there will be a break-out one way or the other.<\/p>\n<hr>\n<p>This morning I was filled on more trades.<\/p>\n<p>I previously owned 300 shares of Skyworks Solutions (SWKS) at $130. I was filled on a 3 contract Call.<\/p>\n<p style=\"text-align: center;\"><strong>Sell to Open 3 SWKS 7\/2\/20 $130.00 C @ 75\u00a2 (+$225)<\/strong><\/p>\n<p>I was also filled on a 1contract $377.50 Call with Nvidia (NVDA) against the shares I owned.<\/p>\n<p style=\"text-align: center;\"><strong>Sell to Open 1 NVDA 7\/2\/20 $377.50 C @ $5.25 (+$525)<\/strong><\/p>\n<p>Yesterday I bought 1000 shares of Peloton (PTON) at $56.57. I tried to get a Call sold but was not filled. This morning I was filled on 10 PTON $57 Calls.<\/p>\n<p style=\"text-align: center;\"><strong>Sell to Open 10 PTON 7\/2\/20 $57.00 C @ $2.05 (+$2050)<\/strong><\/p>\n<p>Micron (MU) came out with great earnings yesterday. I bought 1000 shares at $51.75 and sold 10 $52 Calls.<\/p>\n<p style=\"text-align: center;\"><strong>Buy 1000 Shares MU @ $51.75<\/strong><\/p>\n<p style=\"text-align: center;\"><strong>Sell to Open 10 MU 7\/2\/20 $52.00 C @ $1.00 (+$1000)<\/strong><\/p>\n<p>All of these trades gave me nice premiums and all are a <strong>Risk Factor 1<\/strong>.<\/p>\n<p>Draftkings is still well below where I bought and I&#8217;m trying to get a Call sold to expire next Friday. I&#8217;m going with next Friday because I cannot get a good premium for this week.<\/p>\n<p>Successful trading,<\/p>\n<p>Steve<\/p>\n<p><em>The Options Coach<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Most readers know Naked Calls are my #1 strategy, but now is not the time! With the market moving the way it is I highly recommend covering your Short Calls, unless you go a bit Out-of-the-Money and take a much smaller premium. At this time I want to be covered because the market can continue [&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-7952","page","type-page","status-publish","hentry"],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/P75MP0-24g","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/7952","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=7952"}],"version-history":[{"count":2,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/7952\/revisions"}],"predecessor-version":[{"id":7956,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/7952\/revisions\/7956"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7952"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}