I started today early! I really didn’t want to make any more trades this week. I started the week off nicely yesterday with a $3000 gain on the sale of my U.S. Steel (X) stock, plus I have two options working involving a Call on Yelp and a Put on GoPro. The week was shaping up to be a good one so I figured why get greedy? I had a little change of heart when X took a little dip at the open. I still have the 100 contract of X Naked Calls expiring in January so I decided to sell another Put. If I am put the stock again like last week, I’ll have a Covered Call and not a Naked Call. A Covered Call is always a low risk position to be in. With the stock at $20, I sold 100 contracts of the $19.50 Put that will expire this Friday. Yes 4 days! I liked the Put I sold last week and I like this one better. Last week I had a Strike Price of $20 and today I have a Strike of $19.50. My big hope is that X doesn’t take a big drop before this Friday. With the market in a very narrow trading range lately, I hope X hangs right where it is now. This trade is the sale of a Put on a stock I already have a Naked Call on, so I give it a Risk Factor of 1. Here’s the Put option order:<\/p>\n
<\/p>\n
If all goes well, I’m hoping this will be the last trade I make this week. It’s shaping up to be another nice week. Keep your fingers crossed!<\/p>\n
As always, email me any questions.<\/p>\n
<\/p>\n
Steve<\/p>\n
The Options Coach<\/em><\/p>\n","protected":false},"excerpt":{"rendered":" I started today early! I really didn’t want to make any more trades this week. I started the week off nicely yesterday with a $3000 gain on the sale of my U.S. Steel (X) stock, plus I have two options working involving a Call on Yelp and a Put on GoPro. The week was shaping […]<\/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-2006","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-wm","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/2006","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=2006"}],"version-history":[{"count":2,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/2006\/revisions"}],"predecessor-version":[{"id":2011,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/2006\/revisions\/2011"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2006"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2006"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2006"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}