{"id":1647,"date":"2016-05-23T13:55:05","date_gmt":"2016-05-23T17:55:05","guid":{"rendered":"http:\/\/www.mainstbeatswallst.com\/?p=1647"},"modified":"2016-05-23T13:55:05","modified_gmt":"2016-05-23T17:55:05","slug":"more-yelp-naked-calls","status":"publish","type":"post","link":"https:\/\/www.mainstbeatswallst.com\/?p=1647","title":{"rendered":"More YELP Naked Calls"},"content":{"rendered":"

\"Risk5\"<\/a><\/p>\n

The more I look at the YELP candlestick chart the more I feel YELP is going down. Take a look at the post “YELP Naked Call<\/a><\/span>.” I sold these 10 contracts today for the same reason. I feel YELP is in a “Raising Wedge” pattern which normally means a reversal. Yelp has been going up! If this is a true “Rising Wedge” the stock should reverse and go down a little. I believe so strongly that YELP is going down that I’m making a trade with a Risk Factor<\/strong><\/span> of 5. The stock is at $25.18 and I sold a Naked Call with the Strike Price of $25. I am $.18 In-the-Money<\/a><\/span>. This Call expires this Friday. If I’m wrong on the direction, I’ll have to do a Roll Out<\/a><\/span>. I really don’t want to own the stock so I will probably not cover this Call. I’m hoping the stock will be below $25 at the close on Friday. Here’s the sell order:<\/p>\n

Sell to Open 10 YELP 5\/27\/16 $25 C @ $.65 (+$650)<\/strong><\/h4>\n

 <\/p>\n

I have 2 Naked Calls on YELP. Both expiring this Friday. One $25.50 and the other $25.<\/p>\n

I’ll be watching YELP very closely!<\/p>\n

 <\/p>\n

Steve<\/p>\n

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

The more I look at the YELP candlestick chart the more I feel YELP is going down. Take a look at the post “YELP Naked Call.” I sold these 10 contracts today for the same reason. I feel YELP is in a “Raising Wedge” pattern which normally means a reversal. Yelp has been going up! […]<\/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-1647","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-qz","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/1647","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=1647"}],"version-history":[{"count":1,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/1647\/revisions"}],"predecessor-version":[{"id":1649,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/1647\/revisions\/1649"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1647"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1647"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1647"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}