{"id":3294,"date":"2017-07-06T10:14:22","date_gmt":"2017-07-06T14:14:22","guid":{"rendered":"http:\/\/www.mainstbeatswallst.com\/?p=3294"},"modified":"2017-07-06T10:14:22","modified_gmt":"2017-07-06T14:14:22","slug":"sell-5-rh-calls","status":"publish","type":"post","link":"https:\/\/www.mainstbeatswallst.com\/?p=3294","title":{"rendered":"Sell 5 RH Calls"},"content":{"rendered":"<p><a href=\"https:\/\/i0.wp.com\/www.mainstbeatswallst.com\/wp-content\/uploads\/2016\/05\/Risk1-1.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1635\" data-permalink=\"https:\/\/www.mainstbeatswallst.com\/?attachment_id=1635\" data-orig-file=\"https:\/\/i0.wp.com\/www.mainstbeatswallst.com\/wp-content\/uploads\/2016\/05\/Risk1-1.png?fit=75%2C90&amp;ssl=1\" data-orig-size=\"75,90\" 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=\"Risk1\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/www.mainstbeatswallst.com\/wp-content\/uploads\/2016\/05\/Risk1-1.png?fit=75%2C90&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/www.mainstbeatswallst.com\/wp-content\/uploads\/2016\/05\/Risk1-1.png?fit=75%2C90&amp;ssl=1\" class=\"wp-image-1635 alignleft\" src=\"https:\/\/i0.wp.com\/www.mainstbeatswallst.com\/wp-content\/uploads\/2016\/05\/Risk1-1.png?resize=98%2C118\" alt=\"\" width=\"98\" height=\"118\" \/><\/a><\/p>\n<p>Yesterday late in the day I sold 2000 shares of Micron (MU) to free up some margin. I love MU but I noticed something in the candlestick chart I didn&#8217;t like. However, I still love MU and I could be back in by the end of the day. I just wanted to watch for a day or so to see what it does. For that matter watch what the entire NASDAQ will do. As I write the NASDAQ is down $50 and MU is down 25\u00a2.<\/p>\n<p>With the money I freed up I bought 500 shares of RH at $68. Today with RH up I just sold 5 contracts of the 7\/7\/17 $69 Calls and received a $1 premium. This is a 2 day option for a return of 1.4%. As I write RH is up to $68.80. If the stock goes above my Strike Price of $69 and stays until the close tomorrow I&#8217;ll get assigned. If assigned I&#8217;ll make an additional $500 on the stock. If you follow me and <strong>Main Street beats Wall Street<\/strong> you know I like to get assigned. If I get assigned my<a href=\"http:\/\/www.mainstbeatswallst.com\/?page_id=379\"><span style=\"color: #0000ff;\"> Rate of Return<\/span><\/a> on this trade will be just under 3%. I love deals like this!<\/p>\n<p>This trade is an option I sold on shares I bought yesterday which makes this a Covered Call. The trade gets a <strong>Risk Factor 1<\/strong>. Here&#8217;s the option order:<\/p>\n<h4 style=\"text-align: center;\">Sell to Open 5 RH 7\/7\/17 $69 C @ $1.00 (+$500)<\/h4>\n<p>&nbsp;<\/p>\n<p>As I&#8217;m finishing up this post RH just went over my Strike Price and is at $69.10. Anything can happen but right now this trade is looking good. Watch and see what happens.<\/p>\n<p>&nbsp;<\/p>\n<p>Steve<\/p>\n<p><em>The Options Coach<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Yesterday late in the day I sold 2000 shares of Micron (MU) to free up some margin. I love MU but I noticed something in the candlestick chart I didn&#8217;t like. However, I still love MU and I could be back in by the end of the day. I just wanted to watch for a [&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-3294","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-R8","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/3294","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=3294"}],"version-history":[{"count":1,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/3294\/revisions"}],"predecessor-version":[{"id":3295,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/3294\/revisions\/3295"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3294"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3294"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3294"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}