{"id":3691,"date":"2017-10-16T13:56:54","date_gmt":"2017-10-16T17:56:54","guid":{"rendered":"http:\/\/www.mainstbeatswallst.com\/?p=3691"},"modified":"2017-10-16T13:56:54","modified_gmt":"2017-10-16T17:56:54","slug":"rh-covered-call-2","status":"publish","type":"post","link":"https:\/\/www.mainstbeatswallst.com\/?p=3691","title":{"rendered":"RH Covered Call"},"content":{"rendered":"

 <\/p>\n

\"\"<\/a>I just completed a Covered Call with RH. Earlier today I sold a 10 contract Naked Call with the Strike Price of $82.When I sold the Call the stock was at $80. I felt the stock at $80 was near it’s top so I planned on holding the Naked Call while watching very closely. It turns out the stock took off fast and I didn’t get to buy the stock at a desired price. It went all the way up above my $82 Strike Price, very scary! The stock dropped down to $81 and I just bought the 1000 shares to make my Naked Call a Covered call. A lot less stress this way.<\/p>\n

I received a premium of $1.25 for a total premium of $1250.<\/p>\n

A Naked Call on this stock would get a Risk Factor 5+ but since I got it Covered it gets a Risk Factor 1<\/strong>.<\/p>\n

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

Buy 1000 Shares RH @ $81<\/p>\n

Sell to Open 10 RH 10\/20\/17 $82.00 C @ $1.25 (+$1250)<\/p>\n

 <\/p>\n

This is one wild stock. What was I thinking with a Naked Call?<\/p>\n

 <\/p>\n

Steve<\/p>\n

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

  I just completed a Covered Call with RH. Earlier today I sold a 10 contract Naked Call with the Strike Price of $82.When I sold the Call the stock was at $80. I felt the stock at $80 was near it’s top so I planned on holding the Naked Call while watching very closely. […]<\/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-3691","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-Xx","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/3691","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=3691"}],"version-history":[{"count":1,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/3691\/revisions"}],"predecessor-version":[{"id":3692,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/3691\/revisions\/3692"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3691"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3691"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3691"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}