I have a 5 contract Covered Call on Micron (MU) to expire at the close today. That Strike Price is $53 and the stock’s at $52.55. The way the market’s moving I don’t think I’ll be getting assigned today. I decided to get a jump on next week by selling another Call on those shares. At the moment this Call is Naked but if the stock doesn’t get to $53 today I’ll have a Call expiring and these shares will cover this new Call for next week’s expiration. I just sold 5 contracts of the 8\/7\/18 $53 Call for a premium of 90\u00a2 for $450. At the moment this trade gets a Risk Factor 5 because it’s a Naked Call until the close. After the close the Risk Factor will be a 1 because it will become a Covered Call.<\/p>\n
<\/p>\n
<\/p>\n
I’ll watching MU closely to make sure it doesn’t get to $53.<\/p>\n
<\/p>\n
Steve<\/p>\n
The options Coach<\/em><\/p>\n","protected":false},"excerpt":{"rendered":" I have a 5 contract Covered Call on Micron (MU) to expire at the close today. That Strike Price is $53 and the stock’s at $52.55. The way the market’s moving I don’t think I’ll be getting assigned today. I decided to get a jump on next week by selling another Call on those shares. […]<\/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-4520","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\/p75MP0-1aU","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/4520","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=4520"}],"version-history":[{"count":1,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/4520\/revisions"}],"predecessor-version":[{"id":4521,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/4520\/revisions\/4521"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4520"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4520"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4520"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}