This is turning out to be a pretty busy morning. I already made a trade involving Micron options. While I was writing, reporting that trade to you, I also had a trade order in for U.S. Steel (X). And, while I was writing on Micron the U.S. Steel trade was executed. I previously owned 10,000 shares of U.S. Steel. Against those shares I sold 100 contracts of the X 1\/13\/17 $36.50 Calls and brought in a premium of 60\u00a2 for a total of $6000. While I was writing, X went up to the point my trade was executed and while I was still writing the stock came back down to the point where the 60\u00a2 premium was down to 30\u00a2. Since I was only in the trade for about 3 or 4 minutes I decided to “Buy to Close” that trade. I was executed and I made a quick $3000. As I write this post X is still down but I would love to see it come back up so I can sell the same Call for another 60\u00a2 to bring in another $6000. The bottom line is I am in & out of my U.S. Steel trade and I put $3000 in my mattress. Now I would like to sell another Call. Here’s the trade orders getting in & out of the X trade:<\/p>\n
<\/p>\n
A few minutes later<\/p>\n
Profit +$3000<\/strong><\/p>\n \n I have an unwritten rule, if I’m able to get out of a position making half the premium I signed up for, after being in that trade a very short time, I do. Here it is not even noon on a Monday and I was able to lock in a $3000 profit on a few minute trade. This falls into my exit strategy! If you have any questions on this please send me an email.<\/p>\n \n Steve<\/p>\n The Options Coach<\/em><\/p>\n","protected":false},"excerpt":{"rendered":" This is turning out to be a pretty busy morning. I already made a trade involving Micron options. While I was writing, reporting that trade to you, I also had a trade order in for U.S. Steel (X). And, while I was writing on Micron the U.S. Steel trade was executed. I previously owned 10,000 […]<\/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-2545","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-F3","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/2545","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=2545"}],"version-history":[{"count":1,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/2545\/revisions"}],"predecessor-version":[{"id":2546,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/2545\/revisions\/2546"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2545"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2545"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2545"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}