{"id":2444,"date":"2016-11-21T12:57:08","date_gmt":"2016-11-21T17:57:08","guid":{"rendered":"http:\/\/www.mainstbeatswallst.com\/?p=2444"},"modified":"2016-11-21T12:57:08","modified_gmt":"2016-11-21T17:57:08","slug":"sell-u-s-steel-calls-with-buy-stop-order","status":"publish","type":"post","link":"https:\/\/www.mainstbeatswallst.com\/?p=2444","title":{"rendered":"Sell U.S. Steel Calls with &#8220;Buy Stop Order&#8221;"},"content":{"rendered":"<p><a href=\"https:\/\/i0.wp.com\/www.mainstbeatswallst.com\/wp-content\/uploads\/2016\/05\/Risk3-1.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1552\" data-permalink=\"https:\/\/www.mainstbeatswallst.com\/?attachment_id=1552\" data-orig-file=\"https:\/\/i0.wp.com\/www.mainstbeatswallst.com\/wp-content\/uploads\/2016\/05\/Risk3-1.png?fit=75%2C88&amp;ssl=1\" data-orig-size=\"75,88\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Risk3\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/www.mainstbeatswallst.com\/wp-content\/uploads\/2016\/05\/Risk3-1.png?fit=75%2C88&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/www.mainstbeatswallst.com\/wp-content\/uploads\/2016\/05\/Risk3-1.png?fit=75%2C88&amp;ssl=1\" class=\"wp-image-1552 alignleft\" src=\"https:\/\/i0.wp.com\/www.mainstbeatswallst.com\/wp-content\/uploads\/2016\/05\/Risk3-1.png?resize=112%2C131\" alt=\"Risk3\" width=\"112\" height=\"131\" \/><\/a><\/p>\n<p>Ever since the election and Donald Trump announcing that he will be improving the infrastructure the steel stocks have been on a big roll. Looking at the charts, it looks to me like they are running out of steam. A little pull back is to be expected after such a crazy run. Plus X has been downgraded today by Rosenblatt from a buy to neutral. With this in mind I sold 50 contracts of the $29.50 Calls on Friday. Today I sold another 50 contracts of the 11\/25\/16 $29 Calls. I received a premium of $.40 for $2000. Since this is a Naked Call and it&#8217;s only $.50 Out-of-the-Money I put a &#8220;<strong>Buy Stop Order<\/strong>&#8221; on the stock at $28.95. This &#8220;Buy Stop Order&#8221; will trigger the buying of 5000 shares of U.S. Steel at $28.95 which will cover my $29 Call if needed. This Call will expire this Friday and we have one less day because of Thanksgiving. I&#8217;m hoping for a little pull back with X going into Friday and have my (2) 50 contract Calls expire. This is a Naked Call but with the &#8220;Buy Stop Order&#8221; I give this trade a<strong> Risk Factor<\/strong> of 3. Here&#8217;s the sell order:<\/p>\n<h4 style=\"text-align: center;\"><strong>Sell to Open 50 X 11\/25\/16 $29 C @ $.40 (+$2000)<\/strong><\/h4>\n<p>&nbsp;<\/p>\n<p>I put this &#8220;Buy Stop Order&#8221; on this time because I have to leave my computer for a while each day to coach basketball and get things done in preparation for Thanksgiving.<\/p>\n<p>&nbsp;<\/p>\n<p>Steve<\/p>\n<p><em>The Options Coach<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ever since the election and Donald Trump announcing that he will be improving the infrastructure the steel stocks have been on a big roll. Looking at the charts, it looks to me like they are running out of steam. A little pull back is to be expected after such a crazy run. Plus X has [&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-2444","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-Dq","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/2444","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=2444"}],"version-history":[{"count":1,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/2444\/revisions"}],"predecessor-version":[{"id":2445,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/2444\/revisions\/2445"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2444"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2444"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2444"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}