Good morning readers! I hope everyone had a great 3 day weekend. I’m getting an early start!<\/p>\n
This morning the market opened up close to 100 points. However, Dick’s Sporting Goods (DKS) opened down because of a downgrade by Oppenheimer, from outperform to market perform. Even though DKS opened down it soon went up. I did a Buy-Write with DKS last week and I felt I was going to get assigned but I was not. I wanted to get assigned because DKS has monthly options and not weekly. I like dealing with stocks with weekly! Since I wasn’t assigned and still own 1000 shares, I just sold a 25 day option. I bought the stock at $52.40 and I just sold the 3\/17\/17 $52.50 Call. I brought in a premium of $1.60 for $1600. This will be a 3% Rate of Return<\/a><\/span> on my investment in 25 days. I’m happy with that! This is a Covered Call on previously own stock so I give this trade a Risk Factor 1. Here’s the sell order:<\/p>\n <\/p>\n If you have any questions on weekly and monthly options, send me an email.<\/p>\n <\/p>\n Back to work!<\/p>\n <\/p>\n Steve<\/p>\n The Options Coach<\/em><\/p>\n","protected":false},"excerpt":{"rendered":" Good morning readers! I hope everyone had a great 3 day weekend. I’m getting an early start! This morning the market opened up close to 100 points. However, Dick’s Sporting Goods (DKS) opened down because of a downgrade by Oppenheimer, from outperform to market perform. Even though DKS opened down it soon went up. I […]<\/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-2714","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-HM","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/2714","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=2714"}],"version-history":[{"count":2,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/2714\/revisions"}],"predecessor-version":[{"id":2719,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/2714\/revisions\/2719"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2714"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2714"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2714"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Sell to Open 10 DKS 3\/17\/17 $52.50 C @ $1.60 (+$1600)<\/h4>\n