{"id":2333,"date":"2016-10-21T15:14:25","date_gmt":"2016-10-21T19:14:25","guid":{"rendered":"http:\/\/www.mainstbeatswallst.com\/?p=2333"},"modified":"2016-10-21T15:14:25","modified_gmt":"2016-10-21T19:14:25","slug":"out-of-5000-shares-u-s-steel-naked-on-call","status":"publish","type":"post","link":"https:\/\/www.mainstbeatswallst.com\/?p=2333","title":{"rendered":"Out of 5000 shares U.S.Steel, Naked on Call"},"content":{"rendered":"<p>I did a Covered Call with U.S.Steel (X) earlier today. I bought 5000 shares of the stock at $19.30, and when the stock went up I sold a $20 Call expiring today. You can read about the trade in an earlier email or take a look at the blog section of <strong>Main Street beats Wall Street<\/strong>.<\/p>\n<p>The stock went above my Strike Price of $20 and I was hoping to get assigned at the close today. A little while ago the stock was hanging around the $20 mark and I decided to sell the 5000 shares to lock in the $.70 profit on 5000 shares ($3500). It was nice locking in the profit but it left me Naked on the 50 contract Call expiring today. As I write, the stock is at $19.85 and we have an hour to the close. Now I hope the stock stays below $20 and my Call will expire. If this happens I will also keep the $1000 premium I received for the Call. I will be watching closely until the close. Here&#8217;s the stock sell order:<\/p>\n<h4 style=\"text-align: center;\"><strong>Sell 5000 shares X @ $20.00<\/strong><\/h4>\n<p style=\"text-align: center;\"><strong>Profit +$3500<\/strong><\/p>\n<p style=\"text-align: center;\">\n<p style=\"text-align: left;\">If U.S. Steel stays below $20 it will be one of my best 1 day trades I ever made. Watch along with me to see what happens.<\/p>\n<p style=\"text-align: left;\">Take a look at the page <span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"http:\/\/www.mainstbeatswallst.com\/?page_id=2246\">All Trade Confirmations<\/a><\/span> to see this sell order.<\/p>\n<p style=\"text-align: left;\">\n<p style=\"text-align: left;\">Steve<\/p>\n<p style=\"text-align: left;\"><em>The Options Coach<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>I did a Covered Call with U.S.Steel (X) earlier today. I bought 5000 shares of the stock at $19.30, and when the stock went up I sold a $20 Call expiring today. You can read about the trade in an earlier email or take a look at the blog section of Main Street beats Wall [&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-2333","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-BD","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/2333","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=2333"}],"version-history":[{"count":1,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/2333\/revisions"}],"predecessor-version":[{"id":2334,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/2333\/revisions\/2334"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2333"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2333"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2333"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}