{"id":2905,"date":"2017-03-17T14:31:03","date_gmt":"2017-03-17T18:31:03","guid":{"rendered":"http:\/\/www.mainstbeatswallst.com\/?p=2905"},"modified":"2017-03-17T14:31:03","modified_gmt":"2017-03-17T18:31:03","slug":"bought-5000-shares-aks-to-cover-50-contract-call","status":"publish","type":"post","link":"https:\/\/www.mainstbeatswallst.com\/?p=2905","title":{"rendered":"Bought 5000 Shares AKS to Cover 50 Contract Call"},"content":{"rendered":"<p>The readers of my earlier post know I reported the sale of a 50 contract 3\/24\/17 $8.50 Naked Calls on AK Steel (AKS). When I sold the Call the stock was at $8.52. The stock came down a little and I decided to cover the Naked Option. I just bought 5000 Shares of AKS at $8.38. Now I would like the stock to go up above $8.50, my Strike Price, and I get assigned. This Call expires next Friday. If I get assigned I&#8217;ll keep the $1250 premium plus I&#8217;d make 12\u00a2 on the sale of the stock, which on 5000 shares is $600. If I get assigned the total gain would be $1850 which would be a 4.4% <span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" href=\"http:\/\/www.mainstbeatswallst.com\/?page_id=379\">Rate of Return<\/a><\/span> in one week. I gave the sale of the Call a Risk Factor 5, but now that it&#8217;s a Covered Call I change the <strong>Risk Factor<\/strong> to a 1. Here&#8217;s the stock buy order:<\/p>\n<h4 style=\"text-align: center;\">Buy 5000 Shares AKS @ $8.38<\/h4>\n<p>&nbsp;<\/p>\n<p>Steve<\/p>\n<p><em>The Options Coach<\/em><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The readers of my earlier post know I reported the sale of a 50 contract 3\/24\/17 $8.50 Naked Calls on AK Steel (AKS). When I sold the Call the stock was at $8.52. The stock came down a little and I decided to cover the Naked Option. I just bought 5000 Shares of AKS at [&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-2905","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\/2905","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=2905"}],"version-history":[{"count":1,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/2905\/revisions"}],"predecessor-version":[{"id":2906,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/2905\/revisions\/2906"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2905"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2905"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2905"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}