{"id":2036,"date":"2016-09-06T17:05:03","date_gmt":"2016-09-06T21:05:03","guid":{"rendered":"http:\/\/www.mainstbeatswallst.com\/?p=2036"},"modified":"2016-09-06T17:05:03","modified_gmt":"2016-09-06T21:05:03","slug":"u-s-steel-call-sold","status":"publish","type":"post","link":"https:\/\/www.mainstbeatswallst.com\/?p=2036","title":{"rendered":"U.S. Steel Call Sold"},"content":{"rendered":"

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

I sold a Call on U.S. Steel about 10 minutes before the close and sent out a post. I checked my email to see how the post looked and it wasn’t in my email. I have no idea what happened but for some reason the email didn’t go out and the post didn’t get posted in my blog section. I have no idea why but I’m posting the trade again.<\/p>\n

“Main Street beats Wall Street<\/strong>” readers know I had 10,000 shares of U.S. Steel (X) put to me after the close on Friday. My Strike Price was $19.50 and the stock closed at $18.90. I bought the stock at $19.50 and today the stock went up. With the stock at $19.50 about 10 minutes before the close I was preparing to sell my 10,000 shares just to get out because I liked the way my account looked. Right before I hit the sell button I decided to sell a 100 contract Call. I sold the $19.50 Calls expiring this Friday and received a premium of $.41 for a total of $4100. I thought this was a great premium for a week with only 3 more days because of the shortened week. Now I have 10,000 shares with a 100 contract Call sold expiring in January and a 100 contract Call expiring this Friday. I hope the stock doesn’t tank but even if it did my Calls will increase while the stock goes down because they are Short<\/a><\/span> positions. I feel pretty good about this position. The Call expiring this Friday is a Covered Call with a previously owned stock so I give this trade a Risk Factor<\/strong> of 1. Here’s the order:<\/p>\n

Sell to Open 100 X 9\/9\/16 $19.50 C @ $.41 (+$4100)<\/strong><\/h4>\n

 <\/p>\n

Any questions, send me an email.<\/p>\n

 <\/p>\n

Steve<\/p>\n

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

I sold a Call on U.S. Steel about 10 minutes before the close and sent out a post. I checked my email to see how the post looked and it wasn’t in my email. I have no idea what happened but for some reason the email didn’t go out and the post didn’t get posted […]<\/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-2036","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-wQ","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/2036","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=2036"}],"version-history":[{"count":1,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/2036\/revisions"}],"predecessor-version":[{"id":2037,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/2036\/revisions\/2037"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2036"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2036"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2036"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}