{"id":2055,"date":"2016-09-12T13:10:55","date_gmt":"2016-09-12T17:10:55","guid":{"rendered":"http:\/\/www.mainstbeatswallst.com\/?p=2055"},"modified":"2016-09-12T13:10:55","modified_gmt":"2016-09-12T17:10:55","slug":"1-week1-with-gpro","status":"publish","type":"post","link":"https:\/\/www.mainstbeatswallst.com\/?p=2055","title":{"rendered":"“1 Week\/1%” With GPRO"},"content":{"rendered":"

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

I just made my first trade of the week which falls under my “1 Week\/1%<\/strong><\/a><\/span>” strategy. I’m being very curious because of the Fed meeting next week. It they raise rates I think the market will take a hit. They’re going to have to raise rates sooner or later so when a meeting is upon us I’ll try to lighten my load of stocks I own. With this in mind I sold an option in hopes that I’ll make a little on the stock plus get assigned to lighten my stock holdings going into next week.<\/p>\n

After Expiration Day this past Friday I was put 5000 shares of GPRO as a result of a Put I had sold. These 5000 shares are in addition to previously owned 5000 shares. I really don’t mind holding onto these shares because they cover a 50 contract Call I sold which expire in January. But I don’t want to be holding 10,000 shares going into the Fed meeting. The shares I’m dealing with today were put to me at $13.50. With the stock at $13.35 I sold 50 contracts of the $14 Calls to expire this Friday the 16th. This Call had a premium of $.16 for $800 on the 50 contracts. I already owned the stock so I give this trade a Risk Factor<\/strong> of 1. I hope the stock goes above the Strike Price of $14 by Friday. If this happens I’ll make $.50 on the stock assignment and the $800 premium. The strategy of “1 Week\/1%” does not account for a stock gain, only the premium. The bought the stock at $13.50, which is my investment and the premium is $.16. That’s a little over 1% for a one week investment. This is the type of Rate of Return<\/a><\/span> I look for. If you did this and were successful on every trade you would make a lot of money. Here’s the sell order:<\/p>\n

Sell to Open 50 GPRO 9\/16\/16 $14 C @ $.16 (+$800)<\/strong><\/h4>\n

 <\/p>\n

Whenever I make a trade my broker immediately sends me a confirmation email. Below I snapped a picture and included it in this post to show you what it looks like. I’m thinking of adding this to every trade post.<\/p>\n

\"screen-shot-2016-09-12-at-12-08-38-pm\"<\/a><\/p>\n

I am not a computer guy and I’m not sure if the image will be delivered in this email clear. If not I’ll try to have the problem fixed. Please let me know if you think having this order image (clear) in future post will be helpful.<\/p>\n

 <\/p>\n

Steve<\/p>\n

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

I just made my first trade of the week which falls under my “1 Week\/1%” strategy. I’m being very curious because of the Fed meeting next week. It they raise rates I think the market will take a hit. They’re going to have to raise rates sooner or later so when a meeting is upon […]<\/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-2055","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-x9","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/2055","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=2055"}],"version-history":[{"count":1,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/2055\/revisions"}],"predecessor-version":[{"id":2057,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/2055\/revisions\/2057"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2055"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2055"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2055"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}