With about 5 minutes to go in the trading day I made 2 trades. For my 1st trade I sold 2000 Shares of Micron (MU). I bought the stock on Monday at $29.93. After I bought the stock it took a little dip and I wasn’t able to get a Call sold. Today the stock was up $1.37 and I was up 50\u00a2 on my 2000 shares. You know I love take profit so I sold the stock with a $1000 profit. The reason I sold is with only 2 days left in the week I couldn’t get a decent premium. Plus, even with the NASDAQ up today I didn’t like the candlestick chart on MU. The stock has been riding below the 8 day Moving Average and came down to the 50 day Moving Average. I figured, let me grab some profit and free up some margin money and get into something else. With RH flying high I bought another 500 shares. Earlier in the day I did a “Buy-Write.” With this new 500 shares I wanted to sell a Call and have another Covered Call but I received a phone call right before the close and I didn’t get the order in. I just got off the phone. Thats why I’m a little late writing this post. Hopefully the stock will go up tomorrow and I get the Call sold. Here’s the Sell order for MU and the buy order for RH.<\/p>\n
7\/3\/17 \u2013 Buy 2000 Shares MU @ $29.93<\/p>\n
7\/5\/17 \u2013 Sell 2000 Shares MU @ $30.43<\/p>\n
\u00a0Profit +$1000<\/strong><\/span><\/p>\n <\/p>\n Buy 500 Shares RH @ $28.00<\/p>\n <\/p>\n Steve<\/p>\n The Options Coach<\/em><\/p>\n <\/p>\n","protected":false},"excerpt":{"rendered":" With about 5 minutes to go in the trading day I made 2 trades. For my 1st trade I sold 2000 Shares of Micron (MU). I bought the stock on Monday at $29.93. After I bought the stock it took a little dip and I wasn’t able to get a Call sold. Today the stock […]<\/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-3290","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-R4","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/3290","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=3290"}],"version-history":[{"count":1,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/3290\/revisions"}],"predecessor-version":[{"id":3291,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/3290\/revisions\/3291"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3290"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3290"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3290"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}