{"id":2464,"date":"2016-12-09T10:14:15","date_gmt":"2016-12-09T15:14:15","guid":{"rendered":"http:\/\/www.mainstbeatswallst.com\/?p=2464"},"modified":"2016-12-10T13:51:43","modified_gmt":"2016-12-10T18:51:43","slug":"more-u-s-steel-calls-expiring-today","status":"publish","type":"post","link":"https:\/\/www.mainstbeatswallst.com\/?p=2464","title":{"rendered":"More U.S. Steel Calls Expiring today"},"content":{"rendered":"

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I’m sitting on my balcony in Jaco watching the waves roll with one eye on the market. Yesterday I sold a 50 contract Call on U.S. Steel (X) which was a $39 Call expiring today. With that Call I put on a “Buy Stop” order to buy 5000 shares at $38.50 to cover my Call just in case the stock went up. The stock never hit my buy price and today X is down so that Call looks good to expire today. With the stock down today I just sold another 50 contract Call. This is a $37.50 Call expiring today. I received a premium of $.23 for $1150. All the steel companies are down today and I hope they continue down. If that happens I’ll keep yesterday’s premium of $3000 and today’s of $1150. Trying to get my trip paid for while I’m relaxing lol. I’ll give this trade a Risk Factor<\/strong> of 2. I’m just sitting watching the ocean, keeping an eye on the market. This is a Naked Call but if X starts up I’ll be here to cover my Call. If I take a walk on the beach I’ll enter a “Buy Stop” order at $37.40 and it expires today, meaning I don’t have to hold it over night where it could jump up and I wouldn’t be able to do anything. I think I’m pretty safe. Here’s the order:<\/p>\n

Sell to Open 50 X 12\/9\/16 $37.50 C @ $.23 (+$1150)<\/strong><\/h4>\n

 <\/p>\n

It’s only 9:05 here in Costa. We’re 1 hour earlier. The market opens at 8:30.<\/p>\n

 <\/p>\n

Steve<\/p>\n

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

I’m sitting on my balcony in Jaco watching the waves roll with one eye on the market. Yesterday I sold a 50 contract Call on U.S. Steel (X) which was a $39 Call expiring today. With that Call I put on a “Buy Stop” order to buy 5000 shares at $38.50 to cover my Call […]<\/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-2464","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\/2464","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=2464"}],"version-history":[{"count":2,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/2464\/revisions"}],"predecessor-version":[{"id":2475,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/2464\/revisions\/2475"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2464"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2464"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2464"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}