{"id":3213,"date":"2017-06-19T12:32:35","date_gmt":"2017-06-19T16:32:35","guid":{"rendered":"http:\/\/www.mainstbeatswallst.com\/?p=3213"},"modified":"2017-06-19T12:32:35","modified_gmt":"2017-06-19T16:32:35","slug":"advanced-micro-devices-covered-call","status":"publish","type":"post","link":"https:\/\/www.mainstbeatswallst.com\/?p=3213","title":{"rendered":"Advanced Micro Devices Covered Call"},"content":{"rendered":"

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

Last week I did a “Buy-Write” with Advanced Micro Devices (AMD). I bought 2000 shares at $11.98 and sold an At-the-Money<\/span> <\/a>$12 Call. The stock dropped a little and my Call expired so I kept the 25\u00a2 premium. On the 20 contracts the total premium was $500. On Friday the stock closed below my Strike Price so I still own the 2000 shares. Today, a few minutes ago I sold another 20 contract Call to expire this Friday. I sold 20 contracts of the AMD 6\/23\/17 $12 Call and received a premium of 30\u00a2 for $600. Let’s watch and see if I get assigned this week. When I sold the Call the stock was at $12 and as I write it’s down to $11.80. This trade is a Covered Call on previously own stock so it gets a Risk Factor 1<\/strong>. Here’s the order:<\/p>\n

Sell to Open 20 AMD 6\/23\/17 $12 C @ 30\u00a2 (+$600)<\/h4>\n

 <\/p>\n

This trade gave me a 30\u00a2 premium on a $12 stock. The Rate of Return<\/span><\/a> is 2.5% for a 5 day investment with a very good stock. I like this deal!<\/p>\n

I’m looking at a few more possible trades to do this week. If I don’t make one of these trades I might turn this Covered Call into a “Triple Play Hedge<\/span><\/a>.”<\/p>\n

 <\/p>\n

Steve<\/p>\n

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

Last week I did a “Buy-Write” with Advanced Micro Devices (AMD). I bought 2000 shares at $11.98 and sold an At-the-Money $12 Call. The stock dropped a little and my Call expired so I kept the 25\u00a2 premium. On the 20 contracts the total premium was $500. On Friday the stock closed below my Strike […]<\/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-3213","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-PP","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/3213","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=3213"}],"version-history":[{"count":1,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/3213\/revisions"}],"predecessor-version":[{"id":3215,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/3213\/revisions\/3215"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3213"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3213"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3213"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}