{"id":3078,"date":"2017-05-05T16:18:02","date_gmt":"2017-05-05T20:18:02","guid":{"rendered":"http:\/\/www.mainstbeatswallst.com\/?p=3078"},"modified":"2017-05-05T16:18:02","modified_gmt":"2017-05-05T20:18:02","slug":"sold-micron-calls-at-the-close","status":"publish","type":"post","link":"https:\/\/www.mainstbeatswallst.com\/?p=3078","title":{"rendered":"Sold Micron Calls at the Close"},"content":{"rendered":"

\"\"<\/a><\/p>\n

I just sold 20 contracts of the Micron (MU) 5\/12\/17 $28 Calls for a premium of 50\u00a2. I had a $28 Covered Call which was expiring at the close today. It was clear the stock was gonna close above my Strike Price and I would be assigned which would clear up some margin buying power. With 1 minute till closing I sold another $28 Call. The stock closed at $28.20 so I’m 20\u00a2 In-the-Money<\/a><\/span>. The stock has been moving above and below the $28 mark so I’m hoping on Monday that trend continues so I can get this Naked Call covered. Because the stock is 20\u00a2 In-the-Money I give the trade a Risk Factor 5<\/strong>. Here’s the order:<\/p>\n

Sell to Open 20 MU 5\/12\/17 $28 C @ 50\u00a2 (+$1000)<\/h4>\n

 <\/p>\n

Happy Cinco de Mayo! Have a great weekend!<\/p>\n

 <\/p>\n

Steve<\/p>\n

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

I just sold 20 contracts of the Micron (MU) 5\/12\/17 $28 Calls for a premium of 50\u00a2. I had a $28 Covered Call which was expiring at the close today. It was clear the stock was gonna close above my Strike Price and I would be assigned which would clear up some margin buying power. […]<\/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-3078","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-NE","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/3078","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=3078"}],"version-history":[{"count":1,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/3078\/revisions"}],"predecessor-version":[{"id":3079,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/3078\/revisions\/3079"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3078"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3078"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3078"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}