I’m having a busy, multi-tasking day. About 10am, right after the market opening, I had to hit my back yard to do some work. Next Saturday I have an Oktoberfest at my house that usually get about 100 people. I’m way behind in my work because of my shoulder surgery. It’s feeling a lot better so it’s time to get my work done. I have 1 more week.<\/p>\n
I’m a little worried about Advanced Micro Devices (AMD) so I set up my computer by my back door so I could check the market once in a while. As I’m power washing my paving stone and furniture I just stick my head in the door.<\/p>\n
I own 1000 shares of AMD at $32. It’s been pretty volatile lately. As I’ve been reporting, I feel it’s in an “over bought” situation. I feel if it starts to go down it could go down 20%. If that happens I really don’t want to be holding 1000 shares. On Monday I sold a 10 contract Call and ended up doing a “Buy to Close” on Tuesday. The stock came down a bit and I locked in a $600 profit. Today I started the day with the 1000 shares and no Calls against them. While workin the back yard I kept looking through the door to see what the stock was doing. I saw it was moving up. As I’m leaning through the door I get a phone call on my cell for a large pizza order lol. While I’m taking the order for Fiore’s Pizza and trying to figure out how I could make it work. I sold a 10 contract Call expiring next Friday. I sold 10 AMD 9\/28\/18 $33.50 Calls for 75\u00a2 for a total premium of $750. I’m doing this leaning in the door because I’m too dirty and wet to come in the house lol. Now that I got my Call sold I have to call Fiore to tell the guys about the large order. I get this done and I noticed AMD continued to move up. With the stock at $32.35, leaning in the door I put in an order to sell my shares at $32.30. I felt it was gonna reverse so I wanted out. I sold the shares making $300, but I now have a Naked Call with the Strike Price of $33.50. Still making a few calls about the pizza order and leaning in the door the stock started moving down. I did a little power washing, looking at the computer every few minutes. The stock was down to the point that the premium for my $33.50 Call was down to 40\u00a2. I was in the Call for a very short time and I decided to do a “Buy to Close” and lock in a $350 profit. I was filled on the order, I’m completely out of AMD, and I went back to power washing with no more interruptions. I’m sorry for the long story but thats the way it went lol.<\/p>\n
<\/p>\n
Today’s trades<\/p>\n
<\/p>\n
9\/21\/18 – Sell to Open 10 AMD 9\/28\/18 $33.50 C @ 75\u00a2 (+$750)<\/span>\u00a0 <\/span><\/p>\n 9\/21\/18 – Buy to Close 10 AMD 9\/28\/18 $33.50 C @ 40\u00a2 (-$400)<\/p>\n \u00a0Profit $350<\/strong><\/span><\/p>\n <\/p>\n Sell 1000 Shares AMD @ $32.30<\/p>\n Profit $300<\/strong><\/span><\/p>\n <\/p>\n I hope this all makes sense. I just stopped working in the yard and I wrote this report.<\/p>\n <\/p>\n Have a great weekend!<\/p>\n <\/p>\n Steve<\/p>\n The Options Coach<\/em><\/p>\n","protected":false},"excerpt":{"rendered":" I’m having a busy, multi-tasking day. About 10am, right after the market opening, I had to hit my back yard to do some work. Next Saturday I have an Oktoberfest at my house that usually get about 100 people. I’m way behind in my work because of my shoulder surgery. It’s feeling a lot better […]<\/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-4587","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\/p75MP0-1bZ","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/4587","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=4587"}],"version-history":[{"count":1,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/4587\/revisions"}],"predecessor-version":[{"id":4588,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/4587\/revisions\/4588"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4587"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4587"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4587"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}