{"id":3174,"date":"2017-06-12T12:41:56","date_gmt":"2017-06-12T16:41:56","guid":{"rendered":"http:\/\/www.mainstbeatswallst.com\/?p=3174"},"modified":"2017-06-12T12:41:56","modified_gmt":"2017-06-12T16:41:56","slug":"micron-triple-play-hedge","status":"publish","type":"post","link":"https:\/\/www.mainstbeatswallst.com\/?p=3174","title":{"rendered":"Micron “Triple Play Hedge”"},"content":{"rendered":"

Good morning Main Street beats Wall Street<\/strong> readers. I’m back in my office after a 4 day weekend in Boston. Had a great time! My wife is a comedian. Went to bring my wife and her very close friend, also a comedian, to a 4 show engagement at one of the top clubs in Boston. Check out their sites. If you’re into comedy maybe they’ll be at a club near you. My wife is Irene Bremis<\/span><\/a>.<\/span>\u00a0You can hit that link or find her on Facebook, Twitter<\/span> <\/a>and instagram<\/span><\/a>.<\/p>\n

Irene’s friend is Rachael Feinstein<\/span><\/a>. Her career<\/span>\u00a0is going fantastic! Check out her page by hitting her link. Also find her at Twitter<\/span>\u00a0<\/a>and instagram.<\/span>\u00a0<\/a><\/span><\/span><\/p>\n

I was very impressed with their performances! Very professional and very funny!<\/p>\n

 <\/p>\n

OK, back to business! I have my own money to make lol.<\/p>\n

Today for my first trade of the week I did another “Triple Play Hedge,<\/span><\/a>” this time with Micron (MU). I am really working hard on this strategy! I see a lot of promise. For you new readers, a “Triple Play Hedge” is a strategy I came up with, and I love the way is works. If you want to follow my trades you must read the page.<\/p>\n

Today’s Micron’s “Triple Play Hedge” is a little different than the ones in the past. I did buy MU and I did sell three Call. But normally I sell one Call per week for three weeks, this time I sold two Calls expiring this Friday and the last Call expiring next Friday. I bought 1000 shares of MU at $29.85. The first Call I sold 10 contracts of the $30 Call expiring this Friday for a premium of $1.00 for $1000. The second is a 10 contract $31 Call also expiring this Friday for a premium of 60\u00a2 ($600), and the third is a $31 Call expiring next Friday for a premium of 90\u00a2 ($900). With the buying of 1000 shares and selling three Call, the first Call is covered. There was a total of 4 trades which you will see below.<\/p>\n

 <\/p>\n

\u00a0Buy 1000 Shares MU @ $29.85<\/p>\n

Sell to Open 10 MU 6\/16\/17 $30 C @ $1.00 (+$1000) Covered<\/p>\n

Sell to Open 10 MU 6\/16\/17 $31 C @ 60\u00a2 (+$600)<\/p>\n

\u00a0Sell to Open 10 MU 6\/23\/17 $31 C @ 90\u00a2 (+$900)<\/p>\n

 <\/p>\n

At the moment I have three Triple Play Hedges in progress. The one with Weight Watchers (WTW) is on it’s third leg. The Skechers (SKZ) is on it’s second leg and the Micron (MU), which I did today is on it’s first and second leg. They will both expire this Friday. Let’s watch and see how they all work out.<\/p>\n

 <\/p>\n

PLEASE, if you want to learn from what I’m doing, send me an email. You must understand the “Triple Play Hedge.”<\/p>\n

 <\/p>\n

Steve<\/p>\n

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

Good morning Main Street beats Wall Street readers. I’m back in my office after a 4 day weekend in Boston. Had a great time! My wife is a comedian. Went to bring my wife and her very close friend, also a comedian, to a 4 show engagement at one of the top clubs in Boston. […]<\/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-3174","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-Pc","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/3174","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=3174"}],"version-history":[{"count":1,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/3174\/revisions"}],"predecessor-version":[{"id":3175,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/3174\/revisions\/3175"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3174"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3174"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3174"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}