{"id":1752,"date":"2016-06-28T11:15:31","date_gmt":"2016-06-28T15:15:31","guid":{"rendered":"http:\/\/www.mainstbeatswallst.com\/?p=1752"},"modified":"2016-06-28T11:15:31","modified_gmt":"2016-06-28T15:15:31","slug":"yelp-covered-calls","status":"publish","type":"post","link":"https:\/\/www.mainstbeatswallst.com\/?p=1752","title":{"rendered":"Yelp Covered Calls"},"content":{"rendered":"<p><a href=\"https:\/\/i0.wp.com\/www.mainstbeatswallst.com\/wp-content\/uploads\/2016\/05\/Risk1-1.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1635\" data-permalink=\"https:\/\/www.mainstbeatswallst.com\/?attachment_id=1635\" data-orig-file=\"https:\/\/i0.wp.com\/www.mainstbeatswallst.com\/wp-content\/uploads\/2016\/05\/Risk1-1.png?fit=75%2C90&amp;ssl=1\" data-orig-size=\"75,90\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Risk1\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/www.mainstbeatswallst.com\/wp-content\/uploads\/2016\/05\/Risk1-1.png?fit=75%2C90&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/www.mainstbeatswallst.com\/wp-content\/uploads\/2016\/05\/Risk1-1.png?fit=75%2C90&amp;ssl=1\" class=\"size-full wp-image-1635 alignleft\" src=\"https:\/\/i0.wp.com\/www.mainstbeatswallst.com\/wp-content\/uploads\/2016\/05\/Risk1-1.png?resize=75%2C90\" alt=\"Risk1\" width=\"75\" height=\"90\" \/><\/a><\/p>\n<p>I sent out a trade on AK Steel a few minutes ago. While I was writing that post I entered a trade on Yelp (YELP). This YELP trade was just executed, and sticking with my policy of posting all my trades, here it is! I own 3000 shares of YELP which I bought for $28.30. YELP has been getting a lot of upgrades lately and I feel the stock will be moving. Right now the stock is at $27.95 and I sold the $29 Calls. Most of the times I want to get assigned but with this Call I hope I&#8217;m not. I think YELP will be going up a bit and I&#8217;d like to make some money on the stock. Will the stock be at $29 by Friday, my Expiration Day? We will see! If it is, and I get assigned, no big deal! I&#8217;ll keep my premium and I&#8217;ll make $.70 ($2100) on the stock. With the Call options, I just sold 30 contracts of the YELP 7\/1\/16 $29 Call and received a premium of $.25 ($750). This is a Covered Call on a stock I owned so I give this trade a <span style=\"text-decoration: underline;\"><strong>Risk Factor<\/strong><\/span> of 1. This is the least risky trade! Here&#8217;s the sell order:<\/p>\n<h4 style=\"text-align: center;\"><strong>Sell to Order 30 YELP 7\/1\/16 $29 C @ $.25 (+$750)<\/strong><\/h4>\n<p>&nbsp;<\/p>\n<p>Today the market has been up over 200 points. Right now it&#8217;s up 130. This is good for Naked Calls and Calls you don&#8217;t want to get assigned on, but we still have 4 days to expiration. I&#8217;ll be watching my trades closely!<\/p>\n<p>&nbsp;<\/p>\n<p>Steve<\/p>\n<p><em>The Options Coach<\/em><\/p>\n<p style=\"text-align: center;\">\n<p style=\"text-align: left;\">\n","protected":false},"excerpt":{"rendered":"<p>I sent out a trade on AK Steel a few minutes ago. While I was writing that post I entered a trade on Yelp (YELP). This YELP trade was just executed, and sticking with my policy of posting all my trades, here it is! I own 3000 shares of YELP which I bought for $28.30. [&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-1752","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-sg","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/1752","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=1752"}],"version-history":[{"count":1,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/1752\/revisions"}],"predecessor-version":[{"id":1753,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/1752\/revisions\/1753"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1752"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1752"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1752"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}