{"id":2084,"date":"2016-09-19T12:43:00","date_gmt":"2016-09-19T16:43:00","guid":{"rendered":"http:\/\/www.mainstbeatswallst.com\/?p=2084"},"modified":"2016-09-19T12:43:00","modified_gmt":"2016-09-19T16:43:00","slug":"gpro-call-for-insurance","status":"publish","type":"post","link":"https:\/\/www.mainstbeatswallst.com\/?p=2084","title":{"rendered":"GPRO Call for Insurance"},"content":{"rendered":"

Gopro (GPRO) received a bunch of upgrades at the end of last week. I have my “Triple Play Hedge<\/a><\/span>” still working but I’m on my last leg of the 3 Calls sold. This last leg expires this coming Friday. This is a $16 Call.<\/p>\n

With the upgrades, GPRO is running strong today and the volume is very high. At noon the stock already traded over 16 million shares. With the stock at $16.05 I decided to sell another Call to expire this Friday. I own 5000 shares which is involved in my Triple Play. I purchased those shares at $14.40. With the stock at $16 as I write, I think there’s a good chance I’ll be assigned on these shares with the expiration of the last leg of my TriplePlay Hedge. Being concerned with the Fed meeting this week, I wanted to sell another Call for insurance just in case the market takes a dip after that meeting. The stock is up from where I bought so I wanted to try to hold on to that profit. The Call I sold today is a 50 contract GPRO 9\/23\/16 $17 Call which brought in a premium of $.40 for $2000. If the stock goes down I have $2000 worth of insurance and if it goes up i’ll have to cover the Call before it gets to $17. This is a Naked Call on a stock that’s moving on upgrades so I give this trade a Risk Factor<\/strong> of 4. I would have given this a 5 but it’s $1 Out-of-the-Money<\/a><\/span> and it expires this week so I went with a 4, but I’ll be watching closely! Here’s the sell order:<\/p>\n

Sell to Open 50 GPRO 9\/23\/16 $17 C @ $.40 (+$2000)<\/strong><\/h4>\n

 <\/p>\n

As I was writing the stock went down to $15.75 and the premium is down to $.20. Watch for an email, I might jump out with a profit today.<\/p>\n

 <\/p>\n

Steve<\/p>\n

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

Gopro (GPRO) received a bunch of upgrades at the end of last week. I have my “Triple Play Hedge” still working but I’m on my last leg of the 3 Calls sold. This last leg expires this coming Friday. This is a $16 Call. With the upgrades, GPRO is running strong today and the volume […]<\/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-2084","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-xC","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/2084","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=2084"}],"version-history":[{"count":1,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/2084\/revisions"}],"predecessor-version":[{"id":2085,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/2084\/revisions\/2085"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2084"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2084"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2084"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}