{"id":2902,"date":"2017-03-17T11:13:36","date_gmt":"2017-03-17T15:13:36","guid":{"rendered":"http:\/\/www.mainstbeatswallst.com\/?p=2902"},"modified":"2017-03-17T11:13:36","modified_gmt":"2017-03-17T15:13:36","slug":"ak-steel-call-sold","status":"publish","type":"post","link":"https:\/\/www.mainstbeatswallst.com\/?p=2902","title":{"rendered":"AK Steel Call sold"},"content":{"rendered":"

\"\"<\/a>Happy St. Patrick’s Day!<\/p>\n

I had a little trouble finding trades to satisfy my “2017 Challenge<\/a><\/span>” goal of $3000 for this week. The final day of the week is still young but it doesn’t look good. I know I could have done it but I didn’t want to compromise my strategy and get into a position I would regret. Safety First! It’s going to be a very nice week but not $3000. It looks like I’ll lock in a little over $1500. The main reason for the drop-off in my weekly gain is my 5000 shares of U.S. Steel (X) is down from where I bought the stock and I couldn’t get a premium I liked to sell Calls against those shares. X has been on a little run so hopefully I’ll be able to get back to work using the shares to bring in some cash.<\/p>\n

Since this week was disappointing I decided to get started on next week and hopefully make up for this week’s shortfall. If you can sell a 1 week option on Friday you get a little better premium because there’s more “Time Value<\/a><\/span>,” and this is a major part of the value of the premium. I’m not a big fan of AK Steel (AKS) but I see a deal with their $8.50 Calls I like. With the stock at $8.52 I just sold 50 contracts of the At-the-Money<\/a><\/span> Calls. I sold the 3\/24\/17 $8.50 Calls for a premium of 25\u00a2. This is a Naked Call but I’m willing to buy the stock if I feel the need to. I would like the stock to drop to the $8 area to give me a little breathing room. As I write the stock’s down to $8.45. This is an At-the-Money Naked Call so the trade gets a Risk Factor<\/strong> 5. This will chance as soon as I buy the stock. Here’s the order:<\/p>\n

Sell to Open 50 AKS 3\/14\/17 $8.50 C @ 25\u00a2 (+$1250)<\/h4>\n

 <\/p>\n

I would like to welcome the new readers. We’re picking up a few new every week. If you’re on FaceBook please go the the Main Street beats Wall Street<\/strong> page and give it a like. Thanks!<\/p>\n

 <\/p>\n

Enjoy St Patty’s Day!<\/p>\n

 <\/p>\n

Steve<\/p>\n

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

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

Happy St. Patrick’s Day! I had a little trouble finding trades to satisfy my “2017 Challenge” goal of $3000 for this week. The final day of the week is still young but it doesn’t look good. I know I could have done it but I didn’t want to compromise my strategy and get into a […]<\/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-2902","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-KO","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/2902","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=2902"}],"version-history":[{"count":1,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/2902\/revisions"}],"predecessor-version":[{"id":2903,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/2902\/revisions\/2903"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2902"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2902"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2902"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}