{"id":2438,"date":"2016-11-20T01:51:14","date_gmt":"2016-11-20T06:51:14","guid":{"rendered":"http:\/\/www.mainstbeatswallst.com\/?p=2438"},"modified":"2016-11-20T01:51:14","modified_gmt":"2016-11-20T06:51:14","slug":"50-u-s-steel-naked-calls","status":"publish","type":"post","link":"https:\/\/www.mainstbeatswallst.com\/?p=2438","title":{"rendered":"50 U.S. Steel Naked Calls"},"content":{"rendered":"

\"Risk5\"<\/a><\/p>\n

It’s late Saturday night going into Sunday morning. Yesterday going into the close I got out of my U.S. Steel (X) positions. This entire explanation will be in my week ending report still to come. Since I got out of \u00a0my X positions at a significant loss it’s time to lick my wounds and get on the road to recovery. I was going to do a Roll-Out but after surveying the situation and seeing how long it would take to recover the loss, I decided capitulation was the way to go. I will realize the loss and get back to my winning ways with this loss on my books. I’ve been having such a great year maybe the loss will help a little at tax time.<\/p>\n

My free time has been so scarce these days. This is why I’m writing at this time of day. I’m back coaching basketball which is taking a lot of time. Practice every day which is normally right after the close of the market. Plus running my business, Fiore’s Pizza and this week getting ready for Thanksgiving. I have 18 people coming to my house. I love having big parties at my house because it forces me to get some work done lol. I’m still cleaning up from my Octoberfest where I had over 100 people.<\/p>\n

Friday, a little before the close I cleaned up the mess with X and sold another Call to start the recovery. After the close I had to run to basketball practice, then to Fiore’s Pizza. Saturday (today) busy all day again. I am just getting the time to report the Call I sold on X. Better late than never! A little before the close I sold 50 X 11\/25\/16 $29.50 Naked Calls and brought in a premium of $.45 for a total of $2250. Since I no longer have a stock position with X this is a Naked Call. X is a very hot stock and this Call is only $1 Out-of-the-Money so I give this trade a Risk Factor<\/strong> of 5. Here’s the order:<\/p>\n

Sell to Open 50 X 11\/24\/16 $29.50 C @ $.45 (+$2250)<\/strong><\/h4>\n

 <\/p>\n

I will be watching this 1 week Call very closely. I have a feeling the stock can have a little pull back because it’s been so hot. However, I won’t count on it so I’ll watch closely and cover my Call if necessary.<\/p>\n

 <\/p>\n

Steve<\/p>\n

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

It’s late Saturday night going into Sunday morning. Yesterday going into the close I got out of my U.S. Steel (X) positions. This entire explanation will be in my week ending report still to come. Since I got out of \u00a0my X positions at a significant loss it’s time to lick my wounds and get […]<\/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-2438","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-Dk","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/2438","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=2438"}],"version-history":[{"count":1,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/2438\/revisions"}],"predecessor-version":[{"id":2440,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/2438\/revisions\/2440"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2438"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2438"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2438"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}