{"id":2568,"date":"2017-01-18T13:34:22","date_gmt":"2017-01-18T18:34:22","guid":{"rendered":"http:\/\/www.mainstbeatswallst.com\/?p=2568"},"modified":"2017-01-18T13:34:22","modified_gmt":"2017-01-18T18:34:22","slug":"sell-u-s-steel-3-day-call","status":"publish","type":"post","link":"https:\/\/www.mainstbeatswallst.com\/?p=2568","title":{"rendered":"Sell U.S. Steel 3 Day Call"},"content":{"rendered":"

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

U.S. Steel (X) has been moving down the last week which had and has me concerned. I’m in my 10,000 shares at $35.73. The stock has been down below $32 in the last day. Good reason for concern! I was starting to think I wasn’t going to get a Call sold this week because the stock was down and I couldn’t get a premium that was worth the trouble without risking a Strike Price below my purchase price. If you don’t understand my concerns I mentioned in this sentence please send my an email.<\/p>\n

Today the steel stocks are on a big run after Commerce Secretary nominee Wilbur Ross’ comments on possible tariff requirements on steel imports to prevent dumping in the USA. With this run I was able to sell a Call on my X shares that I am comfortable with. I sold 100 contracts of the X 1\/20\/17 $35.50 Calls for a premium of 25\u00a2 ($2500). My only concern in my Strike Price. I bought the stock for $35.73 and my Strike Price is $35.50. If X get above $35.50 by this Friday, I’ll get assigned and I would lose 23\u00a2 on the stock sale. I’m hoping the stock continues up but stays below $35.50. If I do get assigned I would lose 23\u00a2 on the stock but I’m bringing in a premium of 25\u00a2 so I wouldn’t lose money, I would actually make 2\u00a2 plus the premiums I brought in with past trades. I give this Covered Call trade a Risk Factor<\/strong> of 1. I’m happy with my position! Let’s take a look at the order:<\/p>\n

Sell to Open 100 X 1\/20\/17 $35.50 C @ 25\u00a2 (+$2500)<\/h4>\n

 <\/p>\n

I’m still trying to sell a Call on the 3000 shares of Micron I own. Micron is down about 35\u00a2 from where I purchased the stock.<\/p>\n

 <\/p>\n

Steve<\/p>\n

The Options Coach<\/em><\/p>\n

 <\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

U.S. Steel (X) has been moving down the last week which had and has me concerned. I’m in my 10,000 shares at $35.73. The stock has been down below $32 in the last day. Good reason for concern! I was starting to think I wasn’t going to get a Call sold this week because the […]<\/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-2568","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-Fq","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/2568","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=2568"}],"version-history":[{"count":1,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/2568\/revisions"}],"predecessor-version":[{"id":2569,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/2568\/revisions\/2569"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2568"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2568"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2568"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}