{"id":3327,"date":"2017-07-13T15:45:29","date_gmt":"2017-07-13T19:45:29","guid":{"rendered":"http:\/\/www.mainstbeatswallst.com\/?p=3327"},"modified":"2017-07-13T15:45:29","modified_gmt":"2017-07-13T19:45:29","slug":"another-u-s-steel-buy-write","status":"publish","type":"post","link":"https:\/\/www.mainstbeatswallst.com\/?p=3327","title":{"rendered":"Another U S Steel &#8220;Buy-Write&#8221;"},"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 I did a U S Steel &#8220;Buy-Write&#8221; with an expiration date of next Friday, July 21st. A little while ago I was executed on another &#8220;Buy-Write&#8221; only this one expires tomorrow. The stock was up this morning and I had money available in my margin so I entered the one day trade. As soon as I did the stock fell about 75\u00a2 and I was.t executed. However, I left the order in. I was just executed because some news must have come out, and the stock shot up. I was executed with the stock at $22.95 but the stock shot up to $24.10. I&#8217;m not sure what news came out but I&#8217;ll look into it as soon as I&#8217;m done with this post. This is a Covered Call so it gets a Risk Factor1. I bought 1000 shares at the $22.95 and sold the 7\/14\/17 $23 Call for 42\u00a2 for a total of $420. As I write the stock fell a little to $23.70. I hope the stock stays above the $23 Strike Price and I get assigned. Here&#8217;s the &#8220;Buy-Write.&#8221;<\/p>\n<p style=\"text-align: center;\"><span style=\"text-decoration: underline;\"><strong>U S Steel &#8220;Buy-Write&#8221;<\/strong><\/span><\/p>\n<p style=\"text-align: center;\">Buy 1000 Shares X @ $22.95<\/p>\n<p style=\"text-align: center;\">Sell to Open 10 X 7\/14\/17 $23 C @ 42\u00a2 (+$420)<\/p>\n<p>&nbsp;<\/p>\n<p>You never know but this should be the last trade of the week.<\/p>\n<p>&nbsp;<\/p>\n<p>Steve<\/p>\n<p><em>The Options Coach<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Yesterday I did a U S Steel &#8220;Buy-Write&#8221; with an expiration date of next Friday, July 21st. A little while ago I was executed on another &#8220;Buy-Write&#8221; only this one expires tomorrow. The stock was up this morning and I had money available in my margin so I entered the one day trade. As soon [&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-3327","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-RF","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/3327","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=3327"}],"version-history":[{"count":1,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/3327\/revisions"}],"predecessor-version":[{"id":3328,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/3327\/revisions\/3328"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3327"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3327"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3327"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}