{"id":2461,"date":"2016-12-08T12:40:27","date_gmt":"2016-12-08T17:40:27","guid":{"rendered":"http:\/\/www.mainstbeatswallst.com\/?p=2461"},"modified":"2016-12-08T12:40:27","modified_gmt":"2016-12-08T17:40:27","slug":"sell-u-s-steel-call-with-buy-stop-order","status":"publish","type":"post","link":"https:\/\/www.mainstbeatswallst.com\/?p=2461","title":{"rendered":"Sell U.S. Steel Call with Buy Stop Order"},"content":{"rendered":"

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

Hi All! 2 days ago I arrived in Costa Rica. I’ll be here for 10 days celebrating my wife’s birthday. I’m about to leave San Jose driving to Jaco Beach. Jaco Beach is a surfing town located on the Pacific Ocean side of Costa Rica. We’ll be there a few days before we go to the volcano in Arenal. There we will enjoy a few days sitting in the natural hot springs.<\/p>\n

I’m trying to get a little (very little) trading in to help pay for the trip. This morning U.S. Steel (X) opened up again. I sold 50 contracts of the 12\/9\/16 (expiring tomorrow) $39 Calls. When I made the trade the stock was at $38.55. The stock has been so volatile I got a real nice premium. I received $.60 for $3000. I also placed a “Buy Stop” order for 5000 shares. When I was executed on the Call the stock started down and I was able to put the Buy Stop order in at $38.50. The stock has been below the $38.50 price so I was not executed on buying 5000 shares yet. If it get up to $38.50 I will buy the shares to cover my Call. I would like to see X stay below the buy order of $38.50 and the Call expire tomorrow as a Naked Call. Let’s watch and see. I give this trade a Risk Factor<\/strong> of 2 because I have the buy order in to cover the Call if the stock goes up. Here’s the sell order:<\/p>\n

Sell to Open 50 X 12\/9\/16 $39 C @ $.60 (+$3000)<\/strong><\/h4>\n

 <\/p>\n

The internet is very slow which makes trading a little difficult. Off to Jaco!<\/p>\n

 <\/p>\n

Steve<\/p>\n

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

Hi All! 2 days ago I arrived in Costa Rica. I’ll be here for 10 days celebrating my wife’s birthday. I’m about to leave San Jose driving to Jaco Beach. Jaco Beach is a surfing town located on the Pacific Ocean side of Costa Rica. We’ll be there a few days before we go to […]<\/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-2461","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-DH","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/2461","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=2461"}],"version-history":[{"count":1,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/2461\/revisions"}],"predecessor-version":[{"id":2462,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/2461\/revisions\/2462"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2461"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2461"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2461"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}