{"id":2583,"date":"2017-01-24T12:01:43","date_gmt":"2017-01-24T17:01:43","guid":{"rendered":"http:\/\/www.mainstbeatswallst.com\/?p=2583"},"modified":"2017-01-24T12:01:43","modified_gmt":"2017-01-24T17:01:43","slug":"executed-on-micron-calls","status":"publish","type":"post","link":"https:\/\/www.mainstbeatswallst.com\/?p=2583","title":{"rendered":"Executed on Micron Calls"},"content":{"rendered":"

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

In my last post which was reporting my Calls I sold on U.S. Steel, I mentioned I placed an order to sell Calls on Micron (MU). I was executed on those Calls. I own 3000 shares of Micron which I bought at $22.45 on January 4th. The stock has been hanging around the $22 area and I’ve been selling weekly Covered Calls bringing in nice premiums. Today the stock is up $1 so I had a decision to make. I was thinking about just selling the stock and making about 50\u00a2 when it was in the $22.95 area. 50\u00a2 would have given me a profit of $1500 (plus the premiums I brought in the last 3 weeks). With the stock approaching the $23 area I decided to sell an At-the-Money<\/a><\/span> Call ($23 Strike Price) and bring in a premium of 30\u00a2. If the stock gets to, and stays above $23 I’ll get assigned at $23, keep the premium and make 55\u00a2 on the stock. This is what I’m hoping for. This Call falls into my “1 Week\/1%<\/a><\/span>” strategy. This is where I bring in a premium of 1% of money invested in 1 week. In this deal I actually invested $22.45 per share which is $67,350 for 3000 shares. With a $67,350 investment and a 1 week return of $900 it’s a 1.3% return. Make sure you read about my “1 week\/1%<\/strong>” strategy and also read my page on “Rate of Return<\/a>“<\/span>\u00a0and understand the Rate of Return<\/strong> I look for. In this deal with MU I sold 30 contracts of the 1\/27\/17 $23 Call and brought in a premium of 30\u00a2 for $900. This trade is a Covered Call on stock I own so the Risk Factor<\/strong> is a 1. Here’s the order.<\/p>\n

Sell to Open 30 MU 1\/27\/17 $23 C @ 30\u00a2 (+$900)<\/h4>\n

 <\/p>\n

It was a busy morning! Please send any questions on my moves.<\/p>\n

 <\/p>\n

Steve<\/p>\n

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

In my last post which was reporting my Calls I sold on U.S. Steel, I mentioned I placed an order to sell Calls on Micron (MU). I was executed on those Calls. I own 3000 shares of Micron which I bought at $22.45 on January 4th. The stock has been hanging around the $22 area […]<\/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-2583","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-FF","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/2583","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=2583"}],"version-history":[{"count":1,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/2583\/revisions"}],"predecessor-version":[{"id":2584,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/2583\/revisions\/2584"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2583"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2583"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2583"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}