{"id":2450,"date":"2016-11-29T10:07:41","date_gmt":"2016-11-29T15:07:41","guid":{"rendered":"http:\/\/www.mainstbeatswallst.com\/?p=2450"},"modified":"2016-11-29T10:07:41","modified_gmt":"2016-11-29T15:07:41","slug":"sold-yelp-calls","status":"publish","type":"post","link":"https:\/\/www.mainstbeatswallst.com\/?p=2450","title":{"rendered":"Sold Yelp Calls"},"content":{"rendered":"

\"Risk1\"<\/a><\/p>\n

I’ve really been laying low since the election. Just watching my positions and trying to hold onto my yearly gains until we start a new year. Last week I sold 100 contracts of the U.S. Steel $32 Calls while it was In-the-Money and today the stock finally is taking a break and is down over $1.50 as I write. I am now $1.50 Out-of-the-Money. The stock is at $30.45 and my Strike Price is $32.<\/p>\n

Today I did sell a Call on Yelp against previously owned stock. I sold 50 contracts of the $39 Calls to expire this Friday. I received a premium of $.40 for a total premium of $2000. When I sold the Call the stock was up $.50 and as I’m writing the stock is down $.22. I might be out of this Call before the end of the day. But it’s nice having the Call as the stock goes down because it giving me a little hedging. This is a Covered Call so I give this trade a Risk Factor<\/strong> of 1. Here’s the order:<\/p>\n

Sell to Open 50 YELP 12\/2\/16 $39 C @ $.40 (+$2000)<\/strong><\/h4>\n

 <\/p>\n

I just put in an order to “Buy to Close” this Yelp Call for $.20. If I get executed I’ll make a quick $1000 on this Call. If not I’ll hold it until this Friday.<\/p>\n

 <\/p>\n

Steve<\/p>\n

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

I’ve really been laying low since the election. Just watching my positions and trying to hold onto my yearly gains until we start a new year. Last week I sold 100 contracts of the U.S. Steel $32 Calls while it was In-the-Money and today the stock finally is taking a break and is down over […]<\/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-2450","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-Dw","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/2450","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=2450"}],"version-history":[{"count":1,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/2450\/revisions"}],"predecessor-version":[{"id":2451,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/2450\/revisions\/2451"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2450"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2450"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2450"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}