{"id":1984,"date":"2016-08-26T14:10:31","date_gmt":"2016-08-26T18:10:31","guid":{"rendered":"http:\/\/www.mainstbeatswallst.com\/?p=1984"},"modified":"2016-08-26T14:10:31","modified_gmt":"2016-08-26T18:10:31","slug":"i-sold-gopro-puts","status":"publish","type":"post","link":"https:\/\/www.mainstbeatswallst.com\/?p=1984","title":{"rendered":"I Sold GoPro Puts"},"content":{"rendered":"

\"Risk1\"<\/a><\/p>\n

I just got off the phone with an old friend of mine. And yes we were talking options! Before he called me, I put in an order to sell a Put on GPRO. As we were talking my order was executed. I already have 50 contracts of the $15 Calls sold that don’t expire until January. I’m always thinking about covering these Calls but didn’t have the opportunity I was happy with. Last week I sold a $14.50 Put which expired and today I sold another. Today I sold 50 contracts of the GPRO $14 Put that will expire next Friday. This Put brought in a premium of $17 for a total of $850. If I have these 5000 shares put to me I think $14 will be a nice price. Even if the stock goes down lower, I think GPRO will have a good fall season because they have a lot of new products coming out and Christmas will be coming. I give this trade a Risk Factor of 1. I have a 50 contract Naked Call and if the stock is put to me I’ll have a Covered Call. Here’s the sell order:<\/p>\n

Sell to Open 50 GPRO 9\/2\/16 $14 P @ $.17 (+$850)<\/strong><\/h4>\n

 <\/p>\n

 <\/p>\n

Steve<\/p>\n

The Options Coach<\/em><\/p>\n

 <\/p>\n

PS: U.S. Steel just dropped below the $20 mark. It now looks like the 10,000 shares can be put to me. It’s crazy how fast the market changes. I’d rather not buy the stock at this point, but it’s not a big deal. I have the a 100 contracts Naked Call on X, so it would become a Covered Call.<\/p>\n

 <\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

I just got off the phone with an old friend of mine. And yes we were talking options! Before he called me, I put in an order to sell a Put on GPRO. As we were talking my order was executed. I already have 50 contracts of the $15 Calls sold that don’t expire until […]<\/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-1984","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-w0","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/1984","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=1984"}],"version-history":[{"count":1,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/1984\/revisions"}],"predecessor-version":[{"id":1986,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/1984\/revisions\/1986"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1984"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1984"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1984"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}