{"id":2169,"date":"2016-10-03T15:22:54","date_gmt":"2016-10-03T19:22:54","guid":{"rendered":"http:\/\/www.mainstbeatswallst.com\/?p=2169"},"modified":"2016-10-03T15:22:54","modified_gmt":"2016-10-03T19:22:54","slug":"micron-position-insurance","status":"publish","type":"post","link":"https:\/\/www.mainstbeatswallst.com\/?p=2169","title":{"rendered":"Micron Position Insurance"},"content":{"rendered":"<p><a href=\"https:\/\/i0.wp.com\/www.mainstbeatswallst.com\/wp-content\/uploads\/2016\/05\/Risk5-1.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1564\" data-permalink=\"https:\/\/www.mainstbeatswallst.com\/?attachment_id=1564\" data-orig-file=\"https:\/\/i0.wp.com\/www.mainstbeatswallst.com\/wp-content\/uploads\/2016\/05\/Risk5-1.png?fit=76%2C89&amp;ssl=1\" data-orig-size=\"76,89\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Risk5\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/www.mainstbeatswallst.com\/wp-content\/uploads\/2016\/05\/Risk5-1.png?fit=76%2C89&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/www.mainstbeatswallst.com\/wp-content\/uploads\/2016\/05\/Risk5-1.png?fit=76%2C89&amp;ssl=1\" class=\"wp-image-1564 alignleft\" src=\"https:\/\/i0.wp.com\/www.mainstbeatswallst.com\/wp-content\/uploads\/2016\/05\/Risk5-1.png?resize=104%2C122\" alt=\"Risk5\" width=\"104\" height=\"122\" \/><\/a><\/p>\n<p>A little earlier today I sold a Covered Call involving Micron Technology (MU). As I wrote in that post, although I like MU I was a little concerned with that position because the company reports earnings tomorrow after the close. When news is due, you never know what&#8217;s going to happen. In that last post I reported I bought 5000 shares of the stock and sold a 50 contract Call. I bought the stock at $17.78 and sold the $18.50 Calls expiring this coming Friday. For a little hedge (insurance) I just sold another Naked Call. With this Call I went out one more week on the Expiration Date, 10\/14\/16. Plus I went up a to $19 on the Strike Price. If the stock ends up going down I now have two 50 contract Call which would increase in value on that decline of the stock. This is very similar to my &#8220;<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"http:\/\/www.mainstbeatswallst.com\/?page_id=396\">Triple Play Hedge<\/a><\/span>&#8221; which would have one Covered Call and two Naked Calls. With this position I have one Covered Call and one Naked Call. Not as much insurance! If I decide I want more insurance I&#8217;ll sell one more Naked Call and \u00a0this would become a Triple Play Hedge. This is a Naked Call on a stock with news imminent so this trade gets a <strong>Risk Factor<\/strong> of 5. Here&#8217;s the sell order.<\/p>\n<h4 style=\"text-align: center;\"><strong>10\/3\/16 &#8211; Sell to Open 50 MU 10\/14\/16 $19 C @ $.30 (+$1500)\u00a0<\/strong><\/h4>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>Steve<\/p>\n<p><em>The Options Coach<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A little earlier today I sold a Covered Call involving Micron Technology (MU). As I wrote in that post, although I like MU I was a little concerned with that position because the company reports earnings tomorrow after the close. When news is due, you never know what&#8217;s going to happen. In that last post [&hellip;]<\/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-2169","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-yZ","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/2169","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=2169"}],"version-history":[{"count":1,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/2169\/revisions"}],"predecessor-version":[{"id":2170,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/2169\/revisions\/2170"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2169"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2169"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2169"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}