{"id":2879,"date":"2017-03-07T10:12:33","date_gmt":"2017-03-07T15:12:33","guid":{"rendered":"http:\/\/www.mainstbeatswallst.com\/?p=2879"},"modified":"2017-03-07T10:12:33","modified_gmt":"2017-03-07T15:12:33","slug":"out-of-micron","status":"publish","type":"post","link":"https:\/\/www.mainstbeatswallst.com\/?p=2879","title":{"rendered":"Out of Micron"},"content":{"rendered":"

I love the stock Micron! The stock has been moving up for a while now on good earnings and high ratings. You might ask, why did you sell a Naked Call if you love the stock? The reason I did is I thought it would pull back a little today. And on the pull back, I would try to grab a little profit. Well, yesterday I sold my Call for 25\u00a2 and this morning the stock came down a little and I did a “Buy to Close” at 10\u00a2. I know it’s not much! But on the 20 contracts (2000 shares) it was a 1 day profit of $300. I’m having trouble finding deals I really like this week, so I have to nip away, grabbing small deals to get to my $3000 goal as per my “2017 Challenge<\/a><\/span>.” If Micron drops a little more I might do an At-the-Money<\/a><\/span>, Buy-Write Covered Call. Here’s the “Sell to Open” and “Buy to Close” orders:<\/p>\n

Sell to Open 20 MU 3\/10\/17 $26 C @ 25\u00a2 (+$500)<\/h4>\n

Buy to Close 20 MU 3\/10\/17 $26C @ 10\u00a2 (-$200)<\/h4>\n

Profit +$300<\/strong><\/p>\n

\n

Making small deals to get to my goal will raise my commission cost. I’ll have to try to get to $3500 this week to get back some of my expenses. We have to try hard to lower business expenses or make a little more to cover them!<\/p>\n

\n

Steve<\/p>\n

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

I love the stock Micron! The stock has been moving up for a while now on good earnings and high ratings. You might ask, why did you sell a Naked Call if you love the stock? The reason I did is I thought it would pull back a little today. And on the pull back, […]<\/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-2879","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-Kr","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/2879","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=2879"}],"version-history":[{"count":1,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/2879\/revisions"}],"predecessor-version":[{"id":2880,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/2879\/revisions\/2880"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2879"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2879"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2879"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}