{"id":1555,"date":"2016-05-04T10:54:00","date_gmt":"2016-05-04T14:54:00","guid":{"rendered":"http:\/\/www.mainstbeatswallst.com\/?p=1555"},"modified":"2016-05-04T10:54:00","modified_gmt":"2016-05-04T14:54:00","slug":"back-in-u-s-steel-with-calls","status":"publish","type":"post","link":"https:\/\/www.mainstbeatswallst.com\/?p=1555","title":{"rendered":"Back in U.S. Steel With Calls"},"content":{"rendered":"<p><a href=\"https:\/\/i0.wp.com\/www.mainstbeatswallst.com\/wp-content\/uploads\/2016\/05\/Risk4-1.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1556\" data-permalink=\"https:\/\/www.mainstbeatswallst.com\/?attachment_id=1556\" data-orig-file=\"https:\/\/i0.wp.com\/www.mainstbeatswallst.com\/wp-content\/uploads\/2016\/05\/Risk4-1.png?fit=75%2C87&amp;ssl=1\" data-orig-size=\"75,87\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Risk4\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/www.mainstbeatswallst.com\/wp-content\/uploads\/2016\/05\/Risk4-1.png?fit=75%2C87&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/www.mainstbeatswallst.com\/wp-content\/uploads\/2016\/05\/Risk4-1.png?fit=75%2C87&amp;ssl=1\" class=\"wp-image-1556 alignleft\" src=\"https:\/\/i0.wp.com\/www.mainstbeatswallst.com\/wp-content\/uploads\/2016\/05\/Risk4-1.png?resize=95%2C110\" alt=\"Risk4\" width=\"95\" height=\"110\" \/><\/a><\/p>\n<p>If you read &#8220;<strong>Main Street beats Wall Street<\/strong>&#8221; and keep up with my trades you saw I sold 100 contracts of X with the Strike Price of $20.50 on Monday. You also saw that I bought my way out of that position yesterday with a profit of $2100. Well, today X had a little pop and the premiums went up a bit. When I got out of that position the premium was $.09, but today, with the same Strike Price and Expiration Date I just sold 50 contracts for $.25. I sold 50 contracts of the 5\/6\/16 $20.50 Naked Calls for the $.25 for a total of $1250. I didn&#8217;t do 100 contracts because that was a little scary! The stock has been very volatile so I played it a little safe to finish the week. This trade is a Naked Call but it&#8217;s still over a dollar from my Strike so I gave it a Risk Factor of 4. If it was closer to the Strike it would have gotten a 5. Here&#8217;s the order:<\/p>\n<h4 style=\"text-align: center;\"><strong>Sell to Open 50 X 5\/6\/16 $20.50 C @ $.25 (+$1250)<\/strong><\/h4>\n<p>&nbsp;<\/p>\n<p>As I wrote this U.S. Steel came back down, in my favor, to $18.70. I might end up buying my way out of this position before you read this.<\/p>\n<p>&nbsp;<\/p>\n<p>Steve<\/p>\n<p><em>The Options Coach<\/em><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>If you read &#8220;Main Street beats Wall Street&#8221; and keep up with my trades you saw I sold 100 contracts of X with the Strike Price of $20.50 on Monday. You also saw that I bought my way out of that position yesterday with a profit of $2100. Well, today X had a little pop [&hellip;]<\/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-1555","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-p5","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/1555","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=1555"}],"version-history":[{"count":1,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/1555\/revisions"}],"predecessor-version":[{"id":1557,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/1555\/revisions\/1557"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1555"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1555"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1555"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}