{"id":3211,"date":"2017-06-19T11:03:40","date_gmt":"2017-06-19T15:03:40","guid":{"rendered":"http:\/\/www.mainstbeatswallst.com\/?p=3211"},"modified":"2017-06-19T11:03:40","modified_gmt":"2017-06-19T15:03:40","slug":"sold-20-weight-watchers-naked-calls","status":"publish","type":"post","link":"https:\/\/www.mainstbeatswallst.com\/?p=3211","title":{"rendered":"Sold 20 Weight Watchers Naked Calls"},"content":{"rendered":"<p><a href=\"https:\/\/i0.wp.com\/www.mainstbeatswallst.com\/wp-content\/uploads\/2016\/05\/Risk5-1.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1564\" data-permalink=\"https:\/\/www.mainstbeatswallst.com\/?attachment_id=1564\" data-orig-file=\"https:\/\/i0.wp.com\/www.mainstbeatswallst.com\/wp-content\/uploads\/2016\/05\/Risk5-1.png?fit=76%2C89&amp;ssl=1\" data-orig-size=\"76,89\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Risk5\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/www.mainstbeatswallst.com\/wp-content\/uploads\/2016\/05\/Risk5-1.png?fit=76%2C89&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/www.mainstbeatswallst.com\/wp-content\/uploads\/2016\/05\/Risk5-1.png?fit=76%2C89&amp;ssl=1\" class=\"wp-image-1564 alignleft\" src=\"https:\/\/i0.wp.com\/www.mainstbeatswallst.com\/wp-content\/uploads\/2016\/05\/Risk5-1.png?resize=104%2C122\" alt=\"\" width=\"104\" height=\"122\" \/><\/a><\/p>\n<p>Selling<a href=\"http:\/\/www.mainstbeatswallst.com\/?page_id=313\"><span style=\"color: #0000ff;\"> Naked Calls<\/span><\/a> is still my favorite strategy. I love having Calls expire and never having to buy the stock. I just sold a Naked Call on Weight Watchers (WTW). The stock was at $29.45 and I sold the $30 Call. Selling Naked Calls is a high risk strategy so I must stay near my computer or place a buy order for the shares in the case the stock price approaches my Strike Price. I sold 20 contracts of the WTW 6\/23\/17 $30 Call for a premium of 60\u00a2 for a total of $1200. If I&#8217;m going to be away from my computer I&#8217;ll place an order to buy the 2000 shares at $29.90. If the stock goes up while I&#8217;m away my broker will buy the shares at $29.90 to cover my Call before it gets above my Strike Price of $30. At the moment it&#8217;s a Naked Call so it gets a <strong>Risk Factor 5<\/strong>. If I cover the Call by owning the 2000 shares the Risk Factor will go to a 1. \u00a0Here&#8217;s the sell order:<\/p>\n<h4 style=\"text-align: center;\">Sell to Open 20 WTW 6\/23\/17 $30 C @ 60\u00a2 (+$1200)<\/h4>\n<p>&nbsp;<\/p>\n<p>This Call gave me a 60\u00a2 premium on a stock just under $30. This 5 day trade gives me a Rate of Return of 2%. Thie fits into my &#8220;<a href=\"http:\/\/www.mainstbeatswallst.com\/?page_id=422\"><span style=\"color: #0000ff;\">1 Week\/1%<\/span><\/a>&#8221; strategy.<\/p>\n<p>&nbsp;<\/p>\n<p>Steve<\/p>\n<p><em>The Options Coach<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Selling Naked Calls is still my favorite strategy. I love having Calls expire and never having to buy the stock. I just sold a Naked Call on Weight Watchers (WTW). The stock was at $29.45 and I sold the $30 Call. Selling Naked Calls is a high risk strategy so I must stay near my [&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-3211","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-PN","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/3211","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=3211"}],"version-history":[{"count":1,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/3211\/revisions"}],"predecessor-version":[{"id":3212,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/3211\/revisions\/3212"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3211"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3211"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3211"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}