Trade History 2020″<\/a><\/span> page. All of the Strike Prices used were $52 or $51.50. The one exception was the most recent Call when the stock pulled back a bit, I used the $45 Strike Price.<\/p>\nThe stock has been in the area between $45 and $52 for the majority of the time I was Long the stock. Today the stock received an upgrade from Deutsche Bank raising it’s rating from a “Hold” to a “Buy.”<\/p>\n
With the election upon us I’m trying to get out of my stock holdings. Today’s upgrade of Micron, and the stock getting up to $52.72, gave me a good opportunity to sell my stock at a profit. With the stock at it’s day’s high I placed a “Stop Loss” order at $52.50. This order would sell my stock if it came down to $52.50 while giving me more upside if the stock was to continue up.<\/p>\n
The stock came down to my “Stop” price and my sell order was filled. I sold 1000 shares of MU at $52.50 giving me a 75\u00a2 profit for $750.<\/p>\n
6\/30\/20 \u2013 Buy 1000 Shares MU @ $51.75<\/strong><\/p>\n10\/13\/20 \u2013 Sell 1000 Shares MU @ $52.50 <\/strong><\/p>\nProfit +$750<\/strong><\/span><\/h4>\nI owned Micron for just short of 4 months. In that time I brought in $5750 in premiums, and now a profit of $750 on the stock sale. My total profit for the 14 weeks being in the MU position is $6500. This is a 12.56% return on my investment. Not my best return for an investment of this length of time, but who would complain with this return?<\/p>\n
Exiting this position better prepares me for my election strategy.<\/p>\n
\nToday I also sold a Naked Call with Square (SQ). With the stock in the $88 area, up $4, I sold 10 contracts of the SQ 10\/16\/20 $200 Call for a premium of $1.10 for $1100.<\/p>\n
Sell to Open 10 SQ 10\/16\/20 $200.00 C @ $1.10 (+$1100)<\/strong><\/p>\nWith the stock up today, I felt going out to the $200 Strike Price was safe, however, SQ is a hot stock for a Naked Call . With 4 days remaining until expiration, I feel selling a Naked Call over $10 Out-of-the-Money is safe. But I will still give this trade a Risk Factor 4<\/strong> because it can be a dangerous trade.<\/p>\nI also feel this position is sticking with my election strategy of getting out of stocks, but I am an options trader and I will continue to be in the game with what I feel are safe trades.<\/p>\n
Successful trading,<\/p>\n
Steve<\/p>\n
The Options Coach<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"I bought 1000 Shares of Micron (MU) back on 6\/30\/20 at $51.75 per share. In the time since I bought the stock I brought in a total of $5750 in premiums from selling Covered Calls. You can easily look at all my trades by going to my “Trade History 2020″ page. All of the Strike […]<\/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-9060","page","type-page","status-publish","hentry"],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/P75MP0-2m8","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/9060","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=9060"}],"version-history":[{"count":1,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/9060\/revisions"}],"predecessor-version":[{"id":9063,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/9060\/revisions\/9063"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=9060"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}