{"id":2295,"date":"2016-10-18T10:45:31","date_gmt":"2016-10-18T14:45:31","guid":{"rendered":"http:\/\/www.mainstbeatswallst.com\/?p=2295"},"modified":"2016-10-18T10:45:31","modified_gmt":"2016-10-18T14:45:31","slug":"micron-covered-call","status":"publish","type":"post","link":"https:\/\/www.mainstbeatswallst.com\/?p=2295","title":{"rendered":"Micron Covered Call"},"content":{"rendered":"

I got into Micron (MU) a few week ago right before they announced their earnings. It wasn’t a normal move for me but I liked the way the charts looked and there was a few upgrades. On Oct 3rd I bought I bought 5000 shares and did a “Triple Play Hedge<\/a><\/span>.” All three of the Calls I sold expired and I’m still holding the stock. I bought the shares at $17.78. The shares came down a little in the last few weeks which is the reason I still own the stock. All my Calls in my Triple Play Hedge expired and I wasn’t assigned. Today the stock is up and it went over $17.40. It’s getting close to my purchase price so I sold another 50 contract Call against the shares. I hope I get assigned this time! For an investor, I like Micron. For a swing trader, like myself, I really don’t like Micron. It’s a slow moving stock and the premiums do not fit into my strategy. For a buy-and-hold investor, Micron is a great position to hold. It moves slow and it moves up!<\/p>\n

Even with the stock only $.30 below where I bought I couldn’t get a good 1 week premium. This Call I just sold, I went out to next Friday, Oct. 28th. I sold 50 contracts of MU 10\/28\/16 $18 Calls and received a premium of $.20 for $1000. This is a Covered Call on previously owned stock so this trade gets a Risk Factor of 1<\/strong>. This is a very low risk trade. Here’s the order:<\/p>\n

Sell to Open 50 MU 10\/28\/16 $18 C @ $.20 (+$1000)<\/strong><\/h4>\n

 <\/p>\n

I hope MU moves up over $18 by next Friday and I get assigned. This would give me another nice premium in addition to the 3 premiums I already received from my Triple Play Hedge. Plus I would make another $.22 on the stock. If I don’t get assigned I’ll continue to sell Calls on my 5000 shares.<\/p>\n

 <\/p>\n

Steve<\/p>\n

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

I got into Micron (MU) a few week ago right before they announced their earnings. It wasn’t a normal move for me but I liked the way the charts looked and there was a few upgrades. On Oct 3rd I bought I bought 5000 shares and did a “Triple Play Hedge.” All three of 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-2295","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-B1","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/2295","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=2295"}],"version-history":[{"count":1,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/2295\/revisions"}],"predecessor-version":[{"id":2296,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/2295\/revisions\/2296"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2295"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2295"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2295"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}