{"id":1700,"date":"2016-06-17T15:40:46","date_gmt":"2016-06-17T19:40:46","guid":{"rendered":"http:\/\/www.mainstbeatswallst.com\/?p=1700"},"modified":"2016-06-17T15:40:46","modified_gmt":"2016-06-17T19:40:46","slug":"sold-5000-shares-of-x","status":"publish","type":"post","link":"https:\/\/www.mainstbeatswallst.com\/?p=1700","title":{"rendered":"Sold 5000 shares of X"},"content":{"rendered":"<p>On 5\/6\/16 I bought 5000 shares of U.S. Steel (X). I have also been selling Calls on the shares. Right now I have 2 Calls still active. Each one was for 50 contracts (5000). Since I only owned 5000 shares, one set of Calls was covered and the other was Naked. I just sold the 5000 shares so now both Calls are Naked. I did this because I wanted to get rid of my shares to alleviate myself from the margin interest. Plus, I&#8217;m hoping the stock will go down. I really don&#8217;t like the way the market&#8217;s moving so I don&#8217;t want to own stock. I got out of the stock with only a $.13 profit but on 5000 shares that&#8217;s $650. I still have to worry about my Naked Calls. If the Calls are <span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"http:\/\/www.mainstbeatswallst.com\/?page_id=304\">In-the-Money<\/a> <\/span>on Expiration Date I can always do a<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"http:\/\/www.mainstbeatswallst.com\/?page_id=586\"> Roll Out<\/a> <\/span>to make sure I make profit when the deals are over. I bought the stock for $17.87 and I sold for $18.<\/p>\n<p style=\"text-align: center;\"><span style=\"text-decoration: underline;\"><strong>Total profit $650<\/strong><\/span><\/p>\n<p style=\"text-align: center;\">\n<p style=\"text-align: left;\">As I finished writing this X is dropping back a little&#8230;which makes me happy. It&#8217;s at $17.92.<\/p>\n<p style=\"text-align: left;\">I have one more trade before the close. I have to Roll Out my YELP Calls.<\/p>\n<p style=\"text-align: left;\">\n<p style=\"text-align: left;\">Steve<\/p>\n<p style=\"text-align: left;\"><em>The Options Coach<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>On 5\/6\/16 I bought 5000 shares of U.S. Steel (X). I have also been selling Calls on the shares. Right now I have 2 Calls still active. Each one was for 50 contracts (5000). Since I only owned 5000 shares, one set of Calls was covered and the other was Naked. I just sold the [&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-1700","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-rq","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/1700","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=1700"}],"version-history":[{"count":1,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/1700\/revisions"}],"predecessor-version":[{"id":1701,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/1700\/revisions\/1701"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1700"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1700"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1700"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}