Last week I had a low projection for getting money in my mattress but on Thursday and Friday I made a few moves that made it a very nice week. I locked in $6150. This week my projection was similar but this week I didn’t make a trade to get money in my mattress until we only had 2 minutes left in the trading week. This week’s profit involves Micron (MU). On 10\/20\/16 I sold a 50 contract Covered Call on MU against previously owned stock. This was a 3 week Call that came with a $.22 ($1100) premium. At the close on Friday with the premium down to $.10 I decided to cash-in and lock in some profit instead of holding the position another week. I locked in $600 and freed up the shares just in case I want to sell them this week. Below is the “Sell to Open” order and the “Buy to Close” order locking in the $600.<\/p>\n
Profit +$600<\/strong><\/p>\n <\/p>\n The last few weeks my projections for profit have been low and will continue to be low for a few more weeks. I’m in some large positions which are eating up my margin power and preventing me from making moves. I am OK with where I am and feel I’ll be back on track to pulling in some nice weekly money very soon. The election scares me a little and I’m holding stock announcing earnings this week so it could get interesting. This week U.S. Steel, Yelp and Gopro announces earnings.<\/p>\n <\/p>\n <\/p>\n Have a great weekend!<\/p>\n <\/p>\n Steve<\/p>\n The Options Coach<\/em><\/p>\n","protected":false},"excerpt":{"rendered":" Last week I had a low projection for getting money in my mattress but on Thursday and Friday I made a few moves that made it a very nice week. I locked in $6150. This week my projection was similar but this week I didn’t make a trade to get money in my mattress until […]<\/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-2391","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-Cz","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/2391","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=2391"}],"version-history":[{"count":1,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/2391\/revisions"}],"predecessor-version":[{"id":2393,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/2391\/revisions\/2393"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2391"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2391"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2391"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Total Weekly Profit +$600<\/strong><\/h4>\n