Yesterday I sold 10 contracts of Micron (MU) Naked Calls. I felt the stock was going to take a break from a big move it’s been on. When I sold the Call the stock was at $50.80 and I sold the $52.50 Calls. When I sold the Call I also placed a “buy-stop” order at $52.25. This “buy-stop” order was to automatically buy 1000 shares if the stock got up to the buy price of $52.25. Late in the day yesterday, the stock continued to move crazy, and the stock hit my buy price and I was filled. I now have a 10 contract Covered Call.<\/p>\n
<\/p>\n
I’m very happy that I placed the “buy-stop” order because the stock is continuing to fly this morning. However, I’d be happier if I bought the stock and didn’t sell the Call lol. When I sold the Call it was naked and I gave it a Risk Factor 5. Now that I’m covered and the stock is well above my Strike Price the Covered Call has a Risk Factor 1<\/strong>.<\/p>\n The market has been moving again! I’m thinking Wall Street is starting to like Trump’s trade policy moves.<\/p>\n If you have a question on a “buy-stop” order send me an email.<\/p>\n <\/p>\n Steve<\/p>\n The Options Coach<\/em><\/p>\n","protected":false},"excerpt":{"rendered":" Yesterday I sold 10 contracts of Micron (MU) Naked Calls. I felt the stock was going to take a break from a big move it’s been on. When I sold the Call the stock was at $50.80 and I sold the $52.50 Calls. When I sold the Call I also placed a “buy-stop” order at […]<\/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-4064","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\/p75MP0-13y","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/4064","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=4064"}],"version-history":[{"count":1,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/4064\/revisions"}],"predecessor-version":[{"id":4065,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/4064\/revisions\/4065"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4064"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4064"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4064"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}