{"id":2781,"date":"2017-02-28T10:00:34","date_gmt":"2017-02-28T15:00:34","guid":{"rendered":"http:\/\/www.mainstbeatswallst.com\/?p=2781"},"modified":"2017-02-28T10:00:34","modified_gmt":"2017-02-28T15:00:34","slug":"sold-50-contracts-of-u-s-steel","status":"publish","type":"post","link":"https:\/\/www.mainstbeatswallst.com\/?p=2781","title":{"rendered":"Sold 50 Contracts of U.S. Steel"},"content":{"rendered":"<p><a href=\"https:\/\/i0.wp.com\/www.mainstbeatswallst.com\/wp-content\/uploads\/2016\/05\/Risk1-1.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1635\" data-permalink=\"https:\/\/www.mainstbeatswallst.com\/?attachment_id=1635\" data-orig-file=\"https:\/\/i0.wp.com\/www.mainstbeatswallst.com\/wp-content\/uploads\/2016\/05\/Risk1-1.png?fit=75%2C90&amp;ssl=1\" data-orig-size=\"75,90\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Risk1\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/www.mainstbeatswallst.com\/wp-content\/uploads\/2016\/05\/Risk1-1.png?fit=75%2C90&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/www.mainstbeatswallst.com\/wp-content\/uploads\/2016\/05\/Risk1-1.png?fit=75%2C90&amp;ssl=1\" class=\"wp-image-1635 alignleft\" src=\"https:\/\/i0.wp.com\/www.mainstbeatswallst.com\/wp-content\/uploads\/2016\/05\/Risk1-1.png?resize=105%2C126\" alt=\"\" width=\"105\" height=\"126\" \/><\/a><\/p>\n<p>The market opened 10 minutes ago and my work day could be over! I own 5000 shares of U.S. Steel. With the stock down from last week I wasn&#8217;t able to get a Call sold yesterday. Today the stock opened up $1.50 and I just sold 50 contracts of the 3\/3\/17 $40.50 Calls to make a Covered Call. I received a premium of 65\u00a2 for a total of $3250. After I sold for 65\u00a2 the stock continued up and the premium, as I write, is at 85\u00a2. I do not let this bother me! Once in a while you get lucky but not too ofter do you buy or sell at the perfect price. With my &#8220;<span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" href=\"http:\/\/www.mainstbeatswallst.com\/?page_id=2599\">2017 Challenge<\/a>,<\/span>&#8221; my goal is making $3000 a week. This Call alone brought me in $3250! I also have the Naked Call I sold on RH that brought in $1050. I like where I am and I might be done for the week. I will be watching all week to see if I have to make an adjustment trade but I won&#8217;t have to watch as close as normal. We do have 3 more days (after today) until expiration but at this point I feel another good week developing.<\/p>\n<p>This Call is sold against 5000 shares of previously stock so this trade gets a <strong>Risk Factor 1<\/strong>. Here&#8217;s the order:<\/p>\n<h4 style=\"text-align: center;\">Sell to Open 50 X 3\/3\/17 $40.50 C @ 65\u00a2 (+$3250)<\/h4>\n<p>&nbsp;<\/p>\n<p>I have plenty of buying power left in my margin account so I might look for a good deal to get next week&#8217;s goal started.<\/p>\n<p>Any questions, send me an email.<\/p>\n<p>&nbsp;<\/p>\n<p>Steve<\/p>\n<p><em>The Options Coach<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The market opened 10 minutes ago and my work day could be over! I own 5000 shares of U.S. Steel. With the stock down from last week I wasn&#8217;t able to get a Call sold yesterday. Today the stock opened up $1.50 and I just sold 50 contracts of the 3\/3\/17 $40.50 Calls to make [&hellip;]<\/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-2781","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-IR","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/2781","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=2781"}],"version-history":[{"count":1,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/2781\/revisions"}],"predecessor-version":[{"id":2782,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/2781\/revisions\/2782"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2781"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2781"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2781"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}