{"id":1574,"date":"2016-05-06T14:23:40","date_gmt":"2016-05-06T18:23:40","guid":{"rendered":"http:\/\/www.mainstbeatswallst.com\/?p=1574"},"modified":"2016-05-06T14:23:40","modified_gmt":"2016-05-06T18:23:40","slug":"markets-moving-covered-my-x-calls","status":"publish","type":"post","link":"https:\/\/www.mainstbeatswallst.com\/?p=1574","title":{"rendered":"Market&#8217;s moving-Covered my X Calls"},"content":{"rendered":"<p>I was watching U.S. Steel (X) all day and it was moving above and below my $19 Strike Price. I have 50 Naked contracts of the $19 Calls expiring today. When it was at $18.95 I decided to cover my 50 Contracts. It was moving nicely all day so I&#8217;d rather be safe than sorry. I now have a Covered Call expiring today. The market started moving up big and my biggest fear was to have the stock go to $20 while I was Naked. As it happens so often, as soon as I bought the 5000 shares the stock moved down to $18.85. I&#8217;m hoping it returns above $19 and I get assigned. I do not want to hold these shares over the weekend. I bought just in case the stock took off. I will continue to watch closely. Here&#8217;s the buy order:<\/p>\n<h4 style=\"text-align: center;\"><strong>Buy 5000 shares X @ $18.95<\/strong><\/h4>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>Steve<\/p>\n<p><em>The Options Coach<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>I was watching U.S. Steel (X) all day and it was moving above and below my $19 Strike Price. I have 50 Naked contracts of the $19 Calls expiring today. When it was at $18.95 I decided to cover my 50 Contracts. It was moving nicely all day so I&#8217;d rather be safe than sorry. [&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-1574","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-po","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/1574","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=1574"}],"version-history":[{"count":1,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/1574\/revisions"}],"predecessor-version":[{"id":1575,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/1574\/revisions\/1575"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1574"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1574"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1574"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}