{"id":2659,"date":"2017-02-10T10:47:50","date_gmt":"2017-02-10T15:47:50","guid":{"rendered":"http:\/\/www.mainstbeatswallst.com\/?p=2659"},"modified":"2017-02-10T10:47:50","modified_gmt":"2017-02-10T15:47:50","slug":"lets-start-next-week-with-a-u-s-steel-short-call","status":"publish","type":"post","link":"https:\/\/www.mainstbeatswallst.com\/?p=2659","title":{"rendered":"Let’s Start Next Week With a U.S. Steel Short Call"},"content":{"rendered":"

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

With U.S. Steel (X) on a few day run, and my 100 contract Calls In-the-Money<\/a><\/span>, it looks like I’ll finally get assigned on my shares. I have been very worried about the movement of X because of my large position. With an assignment I’ll be selling my 10,000 shares of the stock and it will mark a big week and a great start to the new year. In anticipation of an assignment I figured I’d get next week started. I just sold a 50 contract Call on X which will expire next Friday. I sold the 2\/17\/17 $39.50 Calls and brought in a 42\u00a2 premium. On the 50 contracts the total premium is $2100. Because I feel I’ll be losing my stock this is a Naked Call and I give the trade a Risk Factor 4<\/strong>. I give this Naked Call a 4 and not a 5 because X has been on such a run I feel there could be a pull back. Plus it’s $2 Out-of-the-Mony<\/a><\/span> and it’s only a 1 week Call. Take a look at the order.<\/p>\n

Sell to Open 50 X 2\/17\/17 $39.50 C @ 42\u00a2 (+$2100)<\/h4>\n

 <\/p>\n

With the stock trading at $37.40 and getting a premium of 42\u00a2 premium, that’s more than 1%. This trade fits into my 1 Week\/1% <\/a><\/span>strategy. If you’re not familiar please read my page. I love making 1% on my money per week!<\/p>\n

I would like to welcome the new readers. Make sure you read all sections of Main Street beats Wall Street<\/strong>. Also, make sure you understand the Option Order Form<\/a><\/span>. It’s used in almost all my post.<\/p>\n

With the assignment of my U.S. Steel shares I’ll be releasing my “2017 Challenge.” Please read it and see what my plans for this year are. My goals for the new year will amaze you! OR maybe you’ll just call me crazy!<\/p>\n

 <\/p>\n

Steve<\/p>\n

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

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

With U.S. Steel (X) on a few day run, and my 100 contract Calls In-the-Money, it looks like I’ll finally get assigned on my shares. I have been very worried about the movement of X because of my large position. With an assignment I’ll be selling my 10,000 shares of the stock and it will […]<\/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-2659","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-GT","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/2659","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=2659"}],"version-history":[{"count":1,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/2659\/revisions"}],"predecessor-version":[{"id":2660,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/2659\/revisions\/2660"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2659"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2659"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2659"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}