{"id":3018,"date":"2017-04-13T13:06:47","date_gmt":"2017-04-13T17:06:47","guid":{"rendered":"http:\/\/www.mainstbeatswallst.com\/?p=3018"},"modified":"2017-04-13T13:06:47","modified_gmt":"2017-04-13T17:06:47","slug":"micron-calls-sold","status":"publish","type":"post","link":"https:\/\/www.mainstbeatswallst.com\/?p=3018","title":{"rendered":"Micron Calls Sold"},"content":{"rendered":"

A few hours ago, a little after the opening, I put in an order to sell 20 contracts of the Micron (MU) 4\/21\/17 $27.50 Calls. I put in the order for a premium of 35\u00a2. About an hour ago I was executed on 8 contracts and I’m still waiting to get executed on the other 12 contracts. At this point it doesn’t look good on these 12 contracts. As soon as I was executed on the 8 the stock started down. And it’s been going down ever since, which is good for me because it’s a Naked Call. It would have been nice if I got all 20 contracts. If I did, the premium would have been $700 and I might be looking to jump out because the premium is down to 17\u00a2. Since I only got 8 contracts at this point, and the premium is only $280, it’s not worth getting out. I’ll wait to see if the stock comes back up, I’d like to get the other 12 contracts executed. This is a Naked Call but MU is not a big mover and I’m about 70\u00a2 Out-of-the-Money<\/a><\/span> so I’ll give this trade a Risk Factor 3<\/strong>. Here’s the order:<\/p>\n

Sell to Open 8 MU 4\/21\/17 $27.50 C @ 35\u00a2 (+280)<\/h4>\n

 <\/p>\n

This trade fits into my “1 Week\/1%<\/a><\/span>” strategy. With the stock at 27 and a 35\u00a2 premium it’s a little over 1% for a 1 week trade. Today is only Thursday but tomorrow is Good Friday and the markets are closed and this Call expires next Friday.<\/p>\n

If I don’t get executed on the other 12 contracts today I’ll try again on Monday.<\/p>\n

 <\/p>\n

Steve<\/p>\n

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

A few hours ago, a little after the opening, I put in an order to sell 20 contracts of the Micron (MU) 4\/21\/17 $27.50 Calls. I put in the order for a premium of 35\u00a2. About an hour ago I was executed on 8 contracts and I’m still waiting to get executed on the other […]<\/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-3018","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-MG","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/3018","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=3018"}],"version-history":[{"count":1,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/3018\/revisions"}],"predecessor-version":[{"id":3019,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/3018\/revisions\/3019"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3018"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3018"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3018"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}