{"id":2468,"date":"2016-12-09T12:11:44","date_gmt":"2016-12-09T17:11:44","guid":{"rendered":"http:\/\/www.mainstbeatswallst.com\/?p=2468"},"modified":"2016-12-09T12:11:44","modified_gmt":"2016-12-09T17:11:44","slug":"u-s-steel-buy-write-3","status":"publish","type":"post","link":"https:\/\/www.mainstbeatswallst.com\/?p=2468","title":{"rendered":"U.S. Steel “Buy Write”"},"content":{"rendered":"

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

I know I should be relaxing more but while I’m listening to the waves with an eye on the computer, I keeping seeing deals I like. And you know me, I love a good deal!<\/p>\n

While I’m watching X closely because of my Naked Calls, I decided to make one more trade. It’s only 11:08am here (12:08 in NYC) but this should be it for the day because the beach bar is calling my name. With X dipping below $36.50 I decided to sell 1 more Call. This time I did a “Buy Write<\/a><\/span>” expiring today. I bought 5000 shares of the stock at $36.35 and sold 50 contracts of the $36.50 Call for a premium of $.34 ($1700). I would love to see the stock close a little above my Strike Price of $36.50 so I’m assigned on the stock. It’s been in a little downtrend for a few days and I don’t want to hold the stock over the weekend. This trade is a “Buy Write” which is a Covered Call so it gets a Risk Factor<\/strong> of 1. Here’s the “Buy Write” order:<\/p>\n

Buy 5000 shares X @ $36.35<\/strong><\/h4>\n

Sell to Open 50 X 12\/9\/16 $36.50 C @ $.34 (+$1700)<\/strong><\/h4>\n

 <\/p>\n

I just received an email from my broker with the trade confirmation from my earlier trade. The $37.50 Call I reported I received a premium of $.20 but it was confirmed I received $.23. So the premium was not $1000, it was $1150.<\/p>\n

As I write the stock is at $36.34. Should be an interesting day!<\/p>\n

 <\/p>\n

Steve<\/p>\n

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

I know I should be relaxing more but while I’m listening to the waves with an eye on the computer, I keeping seeing deals I like. And you know me, I love a good deal! While I’m watching X closely because of my Naked Calls, I decided to make one more trade. It’s only 11:08am […]<\/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-2468","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-DO","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/2468","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=2468"}],"version-history":[{"count":1,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/2468\/revisions"}],"predecessor-version":[{"id":2470,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/2468\/revisions\/2470"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2468"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2468"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2468"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}