{"id":1785,"date":"2016-07-07T15:56:50","date_gmt":"2016-07-07T19:56:50","guid":{"rendered":"http:\/\/www.mainstbeatswallst.com\/?p=1785"},"modified":"2016-07-07T15:57:56","modified_gmt":"2016-07-07T19:57:56","slug":"in-deeper-with-u-s-steel","status":"publish","type":"post","link":"https:\/\/www.mainstbeatswallst.com\/?p=1785","title":{"rendered":"In Deeper with U.S. Steel"},"content":{"rendered":"<p><a href=\"https:\/\/i0.wp.com\/www.mainstbeatswallst.com\/wp-content\/uploads\/2016\/05\/Risk5-1.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1564\" data-permalink=\"https:\/\/www.mainstbeatswallst.com\/?attachment_id=1564\" data-orig-file=\"https:\/\/i0.wp.com\/www.mainstbeatswallst.com\/wp-content\/uploads\/2016\/05\/Risk5-1.png?fit=76%2C89&amp;ssl=1\" data-orig-size=\"76,89\" 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=\"Risk5\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/www.mainstbeatswallst.com\/wp-content\/uploads\/2016\/05\/Risk5-1.png?fit=76%2C89&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/www.mainstbeatswallst.com\/wp-content\/uploads\/2016\/05\/Risk5-1.png?fit=76%2C89&amp;ssl=1\" class=\"size-full wp-image-1564 alignleft\" src=\"https:\/\/i0.wp.com\/www.mainstbeatswallst.com\/wp-content\/uploads\/2016\/05\/Risk5-1.png?resize=76%2C89\" alt=\"Risk5\" width=\"76\" height=\"89\" \/><\/a><\/p>\n<p>I was watching U.S. Steel (X) very closely today because I have a 50 contract $18 Naked Call expiring tomorrow and the stock was up to $18.67. As the day went on the stock came down to below $18 which made me very happy. Looking at the candlestick chart, it looks to me that the stock hit resistance. With this in mind, I just sold another 50 contracts of the $18 Calls expiring next Friday. This Call brought in $.69 for a total premium of $3450. I can cover my Call expiring tomorrow but I really don&#8217;t want to own the stock. I&#8217;m hoping the stock stays below $18 tomorrow and my Call expires. If it closes above $18 I&#8217;ll do a Roll Out. I&#8217;ll worry about the new Call I just sold next week. When I sold this Call the stock was at $17.98. Basically it&#8217;s an At-the-Money Naked Call so the <span style=\"text-decoration: underline;\"><strong>Risk Factor<\/strong><\/span> is 5. Here&#8217;s the order:<\/p>\n<h4 style=\"text-align: center;\"><strong>Sell to Open 50 X 7\/15\/16 $18 Calls @ $.69 (+$3450)<\/strong><\/h4>\n<p>&nbsp;<\/p>\n<p>Tomorrow the market will be closely watched!<\/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) very closely today because I have a 50 contract $18 Naked Call expiring tomorrow and the stock was up to $18.67. As the day went on the stock came down to below $18 which made me very happy. Looking at the candlestick chart, it looks to me that 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-1785","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-sN","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/1785","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=1785"}],"version-history":[{"count":2,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/1785\/revisions"}],"predecessor-version":[{"id":1787,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/1785\/revisions\/1787"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1785"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1785"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1785"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}