{"id":3668,"date":"2017-10-11T13:15:25","date_gmt":"2017-10-11T17:15:25","guid":{"rendered":"http:\/\/www.mainstbeatswallst.com\/?p=3668"},"modified":"2017-10-11T13:15:25","modified_gmt":"2017-10-11T17:15:25","slug":"arconic-buy-write","status":"publish","type":"post","link":"https:\/\/www.mainstbeatswallst.com\/?p=3668","title":{"rendered":"Arconic Buy-Write"},"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=\"size-full wp-image-1635 alignleft\" src=\"https:\/\/i0.wp.com\/www.mainstbeatswallst.com\/wp-content\/uploads\/2016\/05\/Risk1-1.png?resize=75%2C90\" alt=\"\" width=\"75\" height=\"90\" \/><\/a><\/p>\n<p>There was just a report that there is unusual activity in Call buying in Arconic (ARNC). I&#8217;m thinking the stock will go up in the next week or 2. I bought 1000 shares at $27.53 and sold 10 contracts of the 10\/20\/17 $28 Call. This stock doesn&#8217;t have weekly options so I sold the Call expiring next Friday. I&#8217;ll be in this position for 10 days and received a premium of 42\u00a2 for $420. A 42\u00a2 premium on a $27.53 stock is a <a href=\"http:\/\/www.mainstbeatswallst.com\/?page_id=379\"><span style=\"color: #0000ff;\">Rate of Return<\/span><\/a> of 1.5% for a little over a week. This trade is a Covered Call and \u00a0gets a <strong>Risk Factor 1<\/strong>. This trade fits into my &#8220;<a href=\"http:\/\/www.mainstbeatswallst.com\/?page_id=422\"><span style=\"color: #0000ff;\">1 Week\/1%<\/span><\/a>&#8221; strategy. If I get assigned at $28 this will be a very nice trade with a total return of 3.2%.<\/p>\n<p style=\"text-align: center;\"><span style=\"text-decoration: underline;\"><strong>Arconic Buy-Write<\/strong><\/span><\/p>\n<p style=\"text-align: center;\">10\/11\/17 \u2013 Buy 1000 Shares ARNC @ $27.53<\/p>\n<p style=\"text-align: center;\">10\/11\/17 \u2013 Sell to Open 10 ARNC 10\/20\/17 $28 C @ 42\u00a2 (+$420)<\/p>\n<p>&nbsp;<\/p>\n<p>Arconic is a company created by Alcoa Inc.&#8217;s separation into two independent, publicly traded companies in the second half of 2016. Alcoa Inc. spun off its bauxite, alumina, and aluminum operations to a new company called Alcoa Corp. The ticker AA is Alcoa Corp formally Alcoa Inc.<\/p>\n<p>&nbsp;<\/p>\n<p>Steve<\/p>\n<p><em>The Options Coach\u00a0<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>There was just a report that there is unusual activity in Call buying in Arconic (ARNC). I&#8217;m thinking the stock will go up in the next week or 2. I bought 1000 shares at $27.53 and sold 10 contracts of the 10\/20\/17 $28 Call. This stock doesn&#8217;t have weekly options so I sold the Call [&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-3668","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-Xa","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/3668","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=3668"}],"version-history":[{"count":1,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/3668\/revisions"}],"predecessor-version":[{"id":3669,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/3668\/revisions\/3669"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3668"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3668"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3668"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}