{"id":1018,"date":"2016-01-11T12:56:28","date_gmt":"2016-01-11T17:56:28","guid":{"rendered":"http:\/\/www.mainstbeatswallst.com\/?p=1018"},"modified":"2016-01-11T12:56:28","modified_gmt":"2016-01-11T17:56:28","slug":"under-armour-downgrade","status":"publish","type":"post","link":"https:\/\/www.mainstbeatswallst.com\/?p=1018","title":{"rendered":"Under Armour Downgrade!"},"content":{"rendered":"

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News just came out on Under Armour (UA). Morgan Stanley cuts their rating to “Underweight.” This cut in rating is causing to stock to go down. The stock is down over 8%. With the stock trading at $69.20 I just sold a Naked Call. I sold 10 UA Jan 15 $70 Naked Calls and received a premium of $1.10. Here’s the order:<\/p>\n

Sell to Open 10 UA 1\/15\/16 $70 C @ $1.10<\/strong><\/h4>\n

If the stock continues to go down I will not have to buy the stock. If the stock comes back a bit I’ll have to make a decision whether to cover the Call or not. I will watch this stock closely. I’m putting a Risk Factor of 4. It’s a Naked Call which is high risk. I didn’t put a 5 because it’s only 10 contracts. With the premium of $1.10 on 10 contracts, the total premium is $1100. I would like to see the stock go down and buy my way out before this Friday’s expiration. I will report how this works out.<\/p>\n

 <\/p>\n

 <\/p>\n

Steve<\/p>\n

The Options Coach<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

News just came out on Under Armour (UA). Morgan Stanley cuts their rating to “Underweight.” This cut in rating is causing to stock to go down. The stock is down over 8%. With the stock trading at $69.20 I just sold a Naked Call. I sold 10 UA Jan 15 $70 Naked Calls and received […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false},"version":2}},"categories":[1],"tags":[],"class_list":["post-1018","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75MP0-gq","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/1018","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"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=1018"}],"version-history":[{"count":1,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/1018\/revisions"}],"predecessor-version":[{"id":1019,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/1018\/revisions\/1019"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1018"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1018"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1018"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}