{"id":2512,"date":"2017-01-04T13:13:25","date_gmt":"2017-01-04T18:13:25","guid":{"rendered":"http:\/\/www.mainstbeatswallst.com\/?p=2512"},"modified":"2017-01-04T13:13:25","modified_gmt":"2017-01-04T18:13:25","slug":"sold-3-day-call-on-micron","status":"publish","type":"post","link":"https:\/\/www.mainstbeatswallst.com\/?p=2512","title":{"rendered":"Sold 3 Day Call on Micron"},"content":{"rendered":"<p><a href=\"https:\/\/i0.wp.com\/www.mainstbeatswallst.com\/wp-content\/uploads\/2016\/05\/Risk5-1.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1564\" data-permalink=\"https:\/\/www.mainstbeatswallst.com\/?attachment_id=1564\" data-orig-file=\"https:\/\/i0.wp.com\/www.mainstbeatswallst.com\/wp-content\/uploads\/2016\/05\/Risk5-1.png?fit=76%2C89&amp;ssl=1\" data-orig-size=\"76,89\" 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=\"Risk5\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/www.mainstbeatswallst.com\/wp-content\/uploads\/2016\/05\/Risk5-1.png?fit=76%2C89&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/www.mainstbeatswallst.com\/wp-content\/uploads\/2016\/05\/Risk5-1.png?fit=76%2C89&amp;ssl=1\" class=\"wp-image-1564 alignleft\" src=\"https:\/\/i0.wp.com\/www.mainstbeatswallst.com\/wp-content\/uploads\/2016\/05\/Risk5-1.png?resize=105%2C123\" alt=\"\" width=\"105\" height=\"123\" \/><\/a><\/p>\n<p>A little while ago I was looking a Micron (MU) to sell a Call to expire this Friday. The stock was in the $22.55 area, down from the high of the day $22.84. Watching both the daily and 1 minute candlestick charts I felt the stock was going to stay a little lower. With the stock at $22.55 I sold 30 contracts of the 1\/6\/17 $22.50 Calls for a 35\u00a2 premium (+$1050). I like the stock and I don&#8217;t think it will take a big drop so I also want to buy the 3000 shares to make this trade a Covered Call. However, the stock didn&#8217;t get below my Strike Price yet. I will watch it closely and buy the shares if it gets below $22.50. I do want a Covered Call but at the moment it&#8217;s a Naked Call so I give the trade a <strong>Risk Factor<\/strong> of 5. If and when I get the stock the Risk Factor will go to a 1. Here&#8217;s the sell order and hopefully I&#8217;ll be posting the buy order for the stock soon.<\/p>\n<h4 style=\"text-align: center;\">Sell to Open 30 MU 1\/6\/17 $22.50 C @ 35\u00a2 (+$1050)<\/h4>\n<p>&nbsp;<\/p>\n<p>2nd trade of 2017! Feels good!<\/p>\n<p>&nbsp;<\/p>\n<p>Steve<\/p>\n<p><em>The Options Coach<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A little while ago I was looking a Micron (MU) to sell a Call to expire this Friday. The stock was in the $22.55 area, down from the high of the day $22.84. Watching both the daily and 1 minute candlestick charts I felt the stock was going to stay a little lower. With the [&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-2512","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-Ew","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/2512","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=2512"}],"version-history":[{"count":1,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/2512\/revisions"}],"predecessor-version":[{"id":2513,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/2512\/revisions\/2513"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2512"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2512"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2512"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}