{"id":2081,"date":"2016-09-19T10:52:21","date_gmt":"2016-09-19T14:52:21","guid":{"rendered":"http:\/\/www.mainstbeatswallst.com\/?p=2081"},"modified":"2016-09-19T10:52:21","modified_gmt":"2016-09-19T14:52:21","slug":"u-s-steel-calls","status":"publish","type":"post","link":"https:\/\/www.mainstbeatswallst.com\/?p=2081","title":{"rendered":"U.S. Steel Calls"},"content":{"rendered":"

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

Good morning “Main Street beats Wall Street<\/strong>” readers. I’m off to a quick start this week. Did you read that I bought my way out of my U.S. Steel (X) LEAP Calls? If you didn’t, check your email from Friday. I’m very happy I exited that long sequence of trades because X is up this morning. I got out with a $5350 profit after many (successful) adjustment trades, and I just got back in. I exited that position because I felt X was hitting support (a bottom). Today X received an upgrade and it’s up over a dollar in early market trading. I still own 10,000 shares which I purchased for $19.50. Today with the stock on the move, with X up a dollar to $17.01, I sold 100 contracts of the 11\/18\/16 $20 Calls, and got a premium of $.70 for $7000 on the 100 contracts. I will be watching X closely because if it continues moving up in the coming days I might sell another Call, which would be a Naked Call, for a little insurance in the case there is some profit taking. This trade I give a Risk Factor<\/strong> of 1 because it’s a Call sold against previously owned shares. Here’s the sell order:<\/p>\n

Sell to Open 100 X 11\/18\/16 $20 C @ $.70 (+$7000)<\/strong><\/h4>\n

 <\/p>\n

As I write U.S. Steel continues to fly!<\/p>\n

 <\/p>\n

Steve<\/p>\n

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

Good morning “Main Street beats Wall Street” readers. I’m off to a quick start this week. Did you read that I bought my way out of my U.S. Steel (X) LEAP Calls? If you didn’t, check your email from Friday. I’m very happy I exited that long sequence of trades because X is up this […]<\/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-2081","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-xz","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/2081","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=2081"}],"version-history":[{"count":1,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/2081\/revisions"}],"predecessor-version":[{"id":2082,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/2081\/revisions\/2082"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2081"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2081"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2081"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}