I Just bought another 200 shares of U.S. Steel at $23.82 and sold a 1 day Call for a 2% premium.<\/p>\n
I own 400 shares of X. All the steel stocks are down big today. I\u2019m not a big fan of averaging down with the buying of more shares of a falling stock. But after looking at the candlestick chart I see that with X\u00a0 <\/span>dropped today it came down to the lower band of the Bollinger Bands. When it hit the lower band it bounced off and moved a little higher. This tells me that the stock might have hit support. If I\u2019m right the stock will move up from here.\u00a0<\/span><\/p>\n I bought 200 shares at $23.82 and sold a 2 contract Call to expire tomorrow. This Call gave me a premium of 50\u00a2 which is 2% of my $23.82 investment for a 1 day trade.<\/p>\n <\/p>\n Buy 200 Shares X @ $23.82<\/strong><\/p>\n Sell to Open 2 X 6\/18\/21 $24.00 C @ 50\u00a2 (+$100)<\/strong><\/p>\n <\/p>\n If I don\u2019t get assigned I\u2019ll keep the stock to sell another Call next week.<\/p>\n <\/p>\n Successful trading,<\/p>\n Steve<\/p>\n The Options Coach<\/em><\/p>\n <\/p>\n","protected":false},"excerpt":{"rendered":" I Just bought another 200 shares of U.S. Steel at $23.82 and sold a 1 day Call for a 2% premium. I own 400 shares of X. All the steel stocks are down big today. I\u2019m not a big fan of averaging down with the buying of more shares of a falling stock. But after […]<\/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-11710","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\/p75MP0-32S","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/11710","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=11710"}],"version-history":[{"count":2,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/11710\/revisions"}],"predecessor-version":[{"id":11712,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/11710\/revisions\/11712"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11710"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11710"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11710"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}