{"id":2543,"date":"2017-01-09T10:24:40","date_gmt":"2017-01-09T15:24:40","guid":{"rendered":"http:\/\/www.mainstbeatswallst.com\/?p=2543"},"modified":"2017-01-09T10:24:40","modified_gmt":"2017-01-09T15:24:40","slug":"30-micron-calls-sold","status":"publish","type":"post","link":"https:\/\/www.mainstbeatswallst.com\/?p=2543","title":{"rendered":"30 Micron Calls Sold"},"content":{"rendered":"

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

I’m at my desk and getting the trading week started early. Last week I bought 3000 shares of Micron (MU) and sold a 30 contract Call against them. That Call brought in a premium of $1050. On Expiration Day MU closed below my Strike Price. The result of that trade, I keep the premium and I keep the 3000 shares. This morning the Dow opened down, however, the NASDAQ opened up. A few minutes ago, with MU being in the NASDAQ was up 30\u00a2 and I was executed on another 30 contract Call. I sold 30 contracts of the MU 1\/13\/17 $22.50 Calls and received a premium of 35\u00a2 for a total of $1050. The same as last week! Since I previously owned the 3000 shares, this is a Covered Call and I give this trade a Risk Factor<\/strong>\u00a0of 1. Here’s the “Sell to Open” order:<\/p>\n

Sell to Open 30 MU 1\/13\/17 $22.50 C @ 35\u00a2 (+$1050)<\/h4>\n

 <\/p>\n

Please take a look at my page “1 Week\/1%<\/a><\/span>.” This trade falls into that strategy. Under that strategy I want to bring in a premium of 1% with a 1 week investment. I bought the 3000 shares of MU at $22.45. The total cost of the shares is $67,350. I brought in a premium of $1050. That’s a 1.5% return with a 1 week investment. Also read my page Rate of Return<\/a><\/span>.<\/p>\n

I also have an order in to sell a Call on U.S. Steel. It might get executed before I sent this post out.<\/p>\n

 <\/p>\n

Steve<\/p>\n

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

I’m at my desk and getting the trading week started early. Last week I bought 3000 shares of Micron (MU) and sold a 30 contract Call against them. That Call brought in a premium of $1050. On Expiration Day MU closed below my Strike Price. The result of that trade, I keep the premium and […]<\/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-2543","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-F1","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/2543","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=2543"}],"version-history":[{"count":1,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/2543\/revisions"}],"predecessor-version":[{"id":2544,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/2543\/revisions\/2544"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2543"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2543"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2543"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}