{"id":2268,"date":"2016-10-12T11:41:13","date_gmt":"2016-10-12T15:41:13","guid":{"rendered":"http:\/\/www.mainstbeatswallst.com\/?p=2268"},"modified":"2016-10-12T11:41:13","modified_gmt":"2016-10-12T15:41:13","slug":"covered-my-gopro-leap","status":"publish","type":"post","link":"https:\/\/www.mainstbeatswallst.com\/?p=2268","title":{"rendered":"Covered My Gopro LEAP"},"content":{"rendered":"

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

If you are a regular reader of “Main Street beats Wall Street<\/strong>” or you take a look at my Active Trades<\/a><\/span>, you are aware on 7\/15\/16 I sold a Naked Call LEAP on Gopro (GPRO). This is a 10 contract Call with the Strike Price of $15. In the last few weeks the stock has been up as high as $17.70. Since my Strike was $15 this had me a little concerned. In the last few days the market has been down a bit. Today with GPRO down in the $14.50 area I decided to take advantage of this low price and cover my LEAP. I think GPRO will have a nice holiday season so I’m happy I had the opportunity to cover. I put in the order for 1000 shares at $14.47 and I was executed. This was a Naked Call, now with this purchase it’s a Covered Call and it gets a Risk Factor of 1<\/strong>. Here’s the buy order:<\/p>\n

Buy 1000 shares GPRO @ $14.47<\/strong><\/h4>\n

 <\/p>\n

I started a new page this week. The page is called All Trade Confirmations<\/a><\/span>. It’s located in the drop down box under “My Positions.” This page will list all my trade confirmations to show Grasshoppers<\/a><\/span> how a trade works, plus it will serve as a reference page to look back on my trades. It will remain there as long as the position is active. And maybe a little longer.<\/p>\n

 <\/p>\n

Steve<\/p>\n

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

If you are a regular reader of “Main Street beats Wall Street” or you take a look at my Active Trades, you are aware on 7\/15\/16 I sold a Naked Call LEAP on Gopro (GPRO). This is a 10 contract Call with the Strike Price of $15. In the last few weeks the stock has […]<\/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-2268","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-AA","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/2268","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=2268"}],"version-history":[{"count":1,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/2268\/revisions"}],"predecessor-version":[{"id":2269,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/2268\/revisions\/2269"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2268"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2268"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2268"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}