{"id":2681,"date":"2017-02-14T10:23:24","date_gmt":"2017-02-14T15:23:24","guid":{"rendered":"http:\/\/www.mainstbeatswallst.com\/?p=2681"},"modified":"2017-02-14T10:23:24","modified_gmt":"2017-02-14T15:23:24","slug":"back-in-u-s-steel-shares-2","status":"publish","type":"post","link":"https:\/\/www.mainstbeatswallst.com\/?p=2681","title":{"rendered":"Back in U.S. Steel Shares"},"content":{"rendered":"

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

For the first time in 2017 I started my week without owning shares of U.S. Steel (X). I’ve owned 10,000 shares carried over from 2016, but those shares were assigned this past Friday as a result of a 100 contract Call closing In-the-Money<\/a><\/span> on Expiration Day. With X up big yesterday I sold a 30 contract Call and last Friday, planning for the new week and my “2017 Challenge<\/a><\/span>“, I sold a 50 contract Call. My 30 contracts have a Strike Price of $41.50 and my 50 contracts are at $39.50. Both of these are Naked Calls! Yesterday X was as high as $40.40 which had me a little concerned. Today the stock came down a bit so I just bought 5000 shares at $39 to cover my $39.50 Call. X has been volatile but is moving up nicely lately. I’m really not too concerned with the steel sector tanking. Now that I’m covered with my 50 contracts I feel better. At this point I’m not concerned with my $41.50 Calls since they are 2 and a half dollars Out-of-the-Money<\/a><\/span>. However, because of the volatile, I’ll be watching closely! Now that I’m covered on these $39.50 Calls I feel I’ll satisfy my goals of my “2017 Challenge” for this week. Here’s the buy order for the 5000 shares:<\/p>\n

Buy 5000 Shares X @ $39<\/h4>\n

 <\/p>\n

When I sold this 50 contract Call I gave it a Risk Factor 4 because it was a Naked Call. Now that it’s covered I change it to a Risk Factor 1<\/strong>.<\/p>\n

I am back in shares of U.S. Steel but it’s only 5000 shares and not 10,000 shares. 10,000 was a little too much for my new year plan. Please take a look at my “2017 Challenge<\/a><\/span>” and see what my goals for this year are.<\/p>\n

 <\/p>\n

Steve<\/p>\n

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

For the first time in 2017 I started my week without owning shares of U.S. Steel (X). I’ve owned 10,000 shares carried over from 2016, but those shares were assigned this past Friday as a result of a 100 contract Call closing In-the-Money on Expiration Day. With X up big yesterday I sold a 30 […]<\/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-2681","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-Hf","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/2681","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=2681"}],"version-history":[{"count":1,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/2681\/revisions"}],"predecessor-version":[{"id":2682,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/2681\/revisions\/2682"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2681"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2681"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2681"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}