{"id":1716,"date":"2016-06-22T12:13:20","date_gmt":"2016-06-22T16:13:20","guid":{"rendered":"http:\/\/www.mainstbeatswallst.com\/?p=1716"},"modified":"2016-06-22T12:13:20","modified_gmt":"2016-06-22T16:13:20","slug":"results-week-ending-61716","status":"publish","type":"post","link":"https:\/\/www.mainstbeatswallst.com\/?p=1716","title":{"rendered":"Results Week Ending 6\/17\/16"},"content":{"rendered":"

I normally get my week ending results report out over the weekend but this weekend I didn’t get it done. This weekend was my son’s birthday and Father’s Day. I’m also trying to get caught up after my trip. OK enough of the excuses, let’s get to my week ending \u00a0report.<\/p>\n

This week I had 2 positions close. One was with U.S. Steel (X) and the other was with GoPro (GPRO).<\/p>\n

U.S. Steel<\/strong><\/span><\/p>\n

On May 6th I bought 5000 shares of U.S. Steel at $17.87. I have been selling Calls and collecting premiums against those shares. At the present time I have 2 separate Calls sold. One is a $15 Call and the other is a $17 Call. As I write both of these Call are In-the-Money<\/a><\/span> with the stock at $17.15. On Friday I sold my 5000 shares and the question is, why did I sell?<\/p>\n

The way I looked at these 2 Calls In-the-Money is as follows. If on expiration day of each of these Calls, they are In-the-Money, I would probably not let my stock get assigned and lose my stock at a loss. I would do a Roll Out<\/a><\/span>! Knowing I would do this, why hold the stock? I had a profit on the stock so I sold. Plus, I wanted to rid myself from paying margin interest on these shares. I bought the shares for $17.87 and sold for $18. Yes I only made $.13 on the sale, but I made a profit! On 5000 shares a profit of $650! I love getting out of positions with a profit and not a loss.<\/p>\n

Now the problem is I have (2) 50 contracts Calls that are Naked. The first to expire is the $17 Call which expires this Friday. If the stock is above $17 I’ll do a Roll Out. And I will continue to do Roll Outs until I’m leave the position with a profit. The other Call is a $15 Call expiring July 15th. With this Call I’ll do the same.<\/p>\n

These Roll Outs are very important to understand and it’s a great opportunity for you to watch how I manage these positions to come out profitable.<\/p>\n

Total profit on stock sale +$650<\/strong><\/p>\n

\n

GoPro<\/strong><\/span><\/p>\n

If you follow Main Street beats Wall Street<\/strong> you know I’m holding 2000 shares of GPRO and continue to sell Calls against these shares. The shares are well below where I bought! I had a 20 contract Call sold that expired this past Friday. It was an $11 Call which had a $.20 premium for a total $400. With the expiration of this Call I put this $400 in my mattress. I have another $11 Call which will expire on July 15th.<\/p>\n

Total profit +$400<\/strong><\/p>\n

\n

This is a tough time to find good, safe deals. I’m very happy logging in a little profit for the mattress.<\/p>\n

\n

Total Weekly Profit +$1050<\/strong><\/h4>\n

I’ll take it!<\/p>\n

 <\/p>\n

When I highlight a term it’s very important to hit the link and read the section in Main Street beats Wall Street<\/strong>. It’s also very important to Google the term or read about it in a book to get a different perspective.<\/p>\n

 <\/p>\n

 <\/p>\n

Steve<\/p>\n

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

I normally get my week ending results report out over the weekend but this weekend I didn’t get it done. This weekend was my son’s birthday and Father’s Day. I’m also trying to get caught up after my trip. OK enough of the excuses, let’s get to my week ending \u00a0report. This week I had […]<\/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-1716","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-rG","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/1716","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=1716"}],"version-history":[{"count":1,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/1716\/revisions"}],"predecessor-version":[{"id":1717,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/1716\/revisions\/1717"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1716"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1716"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1716"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}