{"id":3128,"date":"2017-05-26T12:06:52","date_gmt":"2017-05-26T16:06:52","guid":{"rendered":"http:\/\/www.mainstbeatswallst.com\/?p=3128"},"modified":"2017-05-26T12:06:52","modified_gmt":"2017-05-26T16:06:52","slug":"sold-more-micron-calls","status":"publish","type":"post","link":"https:\/\/www.mainstbeatswallst.com\/?p=3128","title":{"rendered":"Sold more Micron Calls"},"content":{"rendered":"

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

Today, expiration day, I decided to get next week started before I go out and enjoy the beautiful city of Austin. I can pretty much predict how this week is going to end with my active positions so I just sold 20 contracts of the Micron (MU) 6\/2\/17 $29.50 Calls for a premium of 35\u00a2. The total premium is $700. Getting 35\u00a2 on a $29 stock gives me a Rate of Return <\/a><\/span>of 1.2% return in 1 week and fits into my “1 Week\/1%<\/a><\/span>” strategy. As I write, MU is at $29.15. I have a $29 Covered Call that expires today at the close. I’m hoping the stock drops below $29 so I don’t get assigned and I’ll have a Covered Call for next week. If it stays above $29, I’ll get assigned and I’ll have to watch closely to see if I have to buy another 2000 shares to make a Covered Call for next week or leave it a Naked Call as it is at the moment. With the stock at $29.15 but moving down and with the NASDAQ also moving down, I’ll give this trade a Risk Factor 4<\/strong>. It’s In-the-Money<\/a><\/span> but it’s moving in the direction I need it to. Here’s the order:<\/p>\n

Sell to Open 20 MU 6\/2\/17 $29.50 C @ 35\u00a2 (+$700)<\/h4>\n

 <\/p>\n

Steve<\/p>\n

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

Today, expiration day, I decided to get next week started before I go out and enjoy the beautiful city of Austin. I can pretty much predict how this week is going to end with my active positions so I just sold 20 contracts of the Micron (MU) 6\/2\/17 $29.50 Calls for a premium of 35\u00a2. […]<\/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-3128","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-Os","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/3128","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=3128"}],"version-history":[{"count":1,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/3128\/revisions"}],"predecessor-version":[{"id":3129,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/3128\/revisions\/3129"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3128"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3128"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3128"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}