{"id":3534,"date":"2017-09-18T12:35:15","date_gmt":"2017-09-18T16:35:15","guid":{"rendered":"http:\/\/www.mainstbeatswallst.com\/?p=3534"},"modified":"2017-09-18T12:35:15","modified_gmt":"2017-09-18T16:35:15","slug":"sold-micron-leap","status":"publish","type":"post","link":"https:\/\/www.mainstbeatswallst.com\/?p=3534","title":{"rendered":"Sold Micron LEAP"},"content":{"rendered":"

 <\/p>\n

\"\"<\/a>I wrote a post last week about LEAPS and that I sold a 20 contract LEAP on Advanced Micro Devices (AMD). On 9\/11\/17 I bought 1000 Shares of Micron (MU) at $32.85. The stock has been moving up ever since on great reports and received a \u00a0target price of $40. As I write the stock is up 3% today and it’s at $35.70. With the big move since I bought and the great reports, I don’t plan on selling. With this good outlook I just sold a 10 contract LEAP option. This option expires on 1\/19\/18. Since I don’t plan on selling and a $40 price target, I sold the $40 Call. Whatever happens I think this will end good. If the stock goes up to the point where I get assigned I’ll have a nice profit on the stock, $7.15 on the 1000 Shares. Plus the $1700 premium. That would be a 30% gain since I bought the stock on 9\/11\/17. If the price of the stock blows thru the Strike Price and I get assigned, I make the same. If the stock stays below the Strike Price and I don’t get assigned, I keep the premium and I keep the stock where ever it is. It’s a great stock and I don’t see it going too low, and if it did, staying low. This is a great strategy for a trader who doesn’t have the time to sit at the computer all day, ever day.<\/p>\n

 <\/p>\n

Covered Call LEAP<\/strong><\/span><\/p>\n

9\/11\/17 \u2013 Buy 1000 MU @ $32.85<\/strong><\/p>\n

9\/18\/17 \u2013 Sell to Open 10 MU 1\/19\/18 $40.00 C @ $1.70 (+$1700)<\/strong><\/p>\n

 <\/p>\n

This is a Covered Call on previously own stock, a very good stock, so this trade gets a Risk Factor 1<\/strong>. Let’s watch and see how this plays out.<\/p>\n

 <\/p>\n

Steve<\/p>\n

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

  I wrote a post last week about LEAPS and that I sold a 20 contract LEAP on Advanced Micro Devices (AMD). On 9\/11\/17 I bought 1000 Shares of Micron (MU) at $32.85. The stock has been moving up ever since on great reports and received a \u00a0target price of $40. As I write the […]<\/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-3534","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-V0","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/3534","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=3534"}],"version-history":[{"count":1,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/3534\/revisions"}],"predecessor-version":[{"id":3535,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/3534\/revisions\/3535"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3534"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3534"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3534"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}