{"id":2222,"date":"2016-10-07T10:40:37","date_gmt":"2016-10-07T14:40:37","guid":{"rendered":"http:\/\/www.mainstbeatswallst.com\/?p=2222"},"modified":"2016-10-07T10:40:37","modified_gmt":"2016-10-07T14:40:37","slug":"more-gopro-calls-sold","status":"publish","type":"post","link":"https:\/\/www.mainstbeatswallst.com\/?p=2222","title":{"rendered":"More Gopro Calls Sold"},"content":{"rendered":"

\"Risk3\"<\/a><\/p>\n

Before this post I had two Covered Call on Gopro (GPRO). I own 10,000 shares of the stock at $16.70 and I have two 50 contracts Call sold against these shares. One is a $17 Call expiring today and the other is a $17 Call expiring next Friday. I know it’s still early in the trading day but I don’t think I’ll get assigned on the 50 contract Covered Call expiring today. The stock is hanging around the $17.40 – $17.50 area. If I’m correct, after today’s close I’ll still own 10,000 shares but I’ll only have one 50 contract Call sold against these shares which will expire next Friday. Because of my feeling, I sold another 50 contract Call expiring next Friday the 14th. If today’s Call expire without assignment I’ll have 100 contracts expiring next Friday. The Call I just sold is a 50 contract $17 Call. I received a $.40 premium for $2000. I’ll give this trade a Risk Factor of 3<\/strong>. At the moment it’s a Naked Call but after the close I think it will become a Covered Call, then this trade will become a Risk Factor of 1. If the market moves a little and I get assigned, I’m not really worried. I’ll get assigned and I’ll buy another 5000 shares to cover the Calls I just sold. Or I’ll leave them Naked and see what happens next week. Here’s the sell order:<\/p>\n

Sell to Open 50 GPRO 10\/14\/16 $17 C @ $.40 (+$2000)<\/h4>\n

 <\/p>\n

Another reason I like to sell this Call on Expiration Day on a down day is: If the market (and GPRO) continues down, I have more insurance toward the loss in the stock price.<\/p>\n

The Call expiring today is bringing in $1750 and today’s Call is bringing in another $2000. If the stock doesn’t take a dive, I’m bringing in some nice premiums on the same stock. The $1750 was a 2% gain in a week and the $2000 is a 2.2% gain in a week. On assignment the % will rise. Read my page Rate of Return<\/a><\/span>. I like where I’m standing with these trades because I like the stock for the last quarter of this year.<\/p>\n

 <\/p>\n

Steve<\/p>\n

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

Before this post I had two Covered Call on Gopro (GPRO). I own 10,000 shares of the stock at $16.70 and I have two 50 contracts Call sold against these shares. One is a $17 Call expiring today and the other is a $17 Call expiring next Friday. I know it’s still early in the […]<\/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-2222","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-zQ","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/2222","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=2222"}],"version-history":[{"count":1,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/2222\/revisions"}],"predecessor-version":[{"id":2223,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/2222\/revisions\/2223"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2222"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2222"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2222"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}