{"id":1560,"date":"2016-05-04T11:39:42","date_gmt":"2016-05-04T15:39:42","guid":{"rendered":"http:\/\/www.mainstbeatswallst.com\/?p=1560"},"modified":"2016-05-04T11:39:42","modified_gmt":"2016-05-04T15:39:42","slug":"out-of-u-s-steel-calls","status":"publish","type":"post","link":"https:\/\/www.mainstbeatswallst.com\/?p=1560","title":{"rendered":"Out of U.S. Steel Calls"},"content":{"rendered":"

I am not a day trader! But when I have an opportunity to grab some profit I will, especially when it’s a Naked Call. Even if the exiting trade takes place in the same day as I entered the position. About 2 hours ago I sold 50 Naked contracts on U.S. Steel (X). Here’s the sell order:<\/p>\n

Sell to Open 50 X 5\/6\/16 $20.50 C @ $.25 (+$1250)\u00a0<\/strong><\/h4>\n

U.S. Steel has been all over the place today. When the stock was down I put in an order to close this position. I was willing to pay $.07 ($350) to get out and I was just executed. I received $1250 on the sale and I bought out for$350 for a profit of $900 in about 2 hours. Here’s the buy order to exit the position:<\/p>\n

Buy to Close 50 X 5\/6\/16 $20\/50 C @ $.07 (-$350)<\/strong><\/h4>\n

Profit +$900<\/strong><\/p>\n

This money is in my mattress<\/p>\n

\n

It’s May! Be very careful! Read my Message of the Day<\/a><\/span> from May 2nd.<\/p>\n

\n

Steve<\/p>\n

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

I am not a day trader! But when I have an opportunity to grab some profit I will, especially when it’s a Naked Call. Even if the exiting trade takes place in the same day as I entered the position. About 2 hours ago I sold 50 Naked contracts on U.S. Steel (X). Here’s the […]<\/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-1560","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-pa","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/1560","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=1560"}],"version-history":[{"count":1,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/1560\/revisions"}],"predecessor-version":[{"id":1561,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/1560\/revisions\/1561"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1560"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1560"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1560"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}