{"id":2689,"date":"2017-02-15T10:26:02","date_gmt":"2017-02-15T15:26:02","guid":{"rendered":"http:\/\/www.mainstbeatswallst.com\/?p=2689"},"modified":"2017-02-15T10:26:02","modified_gmt":"2017-02-15T15:26:02","slug":"next-weeks-u-s-steel-calls-sold","status":"publish","type":"post","link":"https:\/\/www.mainstbeatswallst.com\/?p=2689","title":{"rendered":"Next Week’s U.S. Steel Calls sold"},"content":{"rendered":"

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

I like the way this week’s Calls are going so I decided to get a jump on my next week’s “2017 Challenge<\/a><\/span>” goal aspiration.<\/p>\n

I have 2 Calls sold on U.S. Steel (X) to expire in 2 days, Friday the 17th. As I write the stock is at $40.20. My 2 Calls are a 50 contract $39.50 Covered Call and a 30 contract $41.50 Naked Call. I am well aware that we have 2 long days left to expiration on a very volatile stock but I like the way I’m looking.<\/p>\n

I love 1 week Calls, but if I can get get started on next week’s goal with 10 days to expiration, I can get a very nice premium. Remember Time Value<\/a><\/span> is a major part of the value of the option’s premium. A 10 day option’s premium will be much higher than a 5 day option’s premium. So if I have plenty of margin buying power I might as well take advantage of it.<\/p>\n

A few moments ago I sold 30 contracts of X 2\/24\/17 $41.50 Naked Calls and I received a premium of 80\u00a2 for a total of $2400. That’s a 2% Rate of Return<\/a><\/span> in 10 days. This trade can be a little dangerous because it’s Naked but it is over $1 Out-of-the-Money<\/a>,<\/span> so if watched closely I think I’ll be OK. And I will be watching! It is $1 Out-of-the-Money but it is a very volatile stock, so I give this trade a Risk Factor 4<\/strong>. Here’s the sell order:<\/p>\n

Sell to Open 30 X 2\/24\/17 $41.50 C @ 80\u00a2 (+$2400)<\/h4>\n

 <\/p>\n

If U.S. Steel gets to $41 in the next few trading days I will seriously consider covering this Call with buying 3000 shares.<\/p>\n

If you didn’t take a look at my “2017 Challenge<\/a><\/span>” please do so. It’s very interesting!<\/p>\n

 <\/p>\n

Steve<\/p>\n

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

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

I like the way this week’s Calls are going so I decided to get a jump on my next week’s “2017 Challenge” goal aspiration. I have 2 Calls sold on U.S. Steel (X) to expire in 2 days, Friday the 17th. As I write the stock is at $40.20. My 2 Calls are a 50 […]<\/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-2689","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-Hn","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/2689","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=2689"}],"version-history":[{"count":1,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/2689\/revisions"}],"predecessor-version":[{"id":2690,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/2689\/revisions\/2690"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2689"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2689"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2689"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}