Yesterday I was very busy preparing for my Oktoberfest which is this Saturday. Yesterday was also Monday, so I was looking to get into a position where I could make some money this week. I have a lot of German beer to buy lol. Not being able to be near my computer for most of the day was gonna make it a little more difficult. In the morning I looked to see if I could place an order for a position with some potential. I decided to place an order to sell 10 Advanced Micro Devices (AMD) with the Strike Price of $33.50. When I placed the order the stock was at about $32. I placed the order with the premium price of 60\u00a2, if filled I would bring in $600. The stock fluctuated and I was filled on my Call order. I really don’t want to own the stock so I was hoping the stock would stay well below my Strike Price. Having said that, I did protect myself by placing a “Stop\/Limit” order which is a buy order if the stock hit a certain price. I placed my “Stop\/Limit”order at $33.30. Today, while the stock was heading to it’s day high, my buy order was filled so I now have a Covered Call. With my thoughts of this stock in a “over bought” situation I’m not very happy with owning the stock. With me not being near my computer I had to place the “Stop\/Limit” order to protect myself because this stock could hit $35 at any time.<\/p>\n
<\/p>\n
Yesterday \u2013 Sell to Open 10 AMD 9\/28\/18 $33.50 C @ 60\u00a2 (+$600)<\/p>\n
Today \u2013 Buy 1000 Shares AMD @ $33.30<\/p>\n
<\/p>\n
Now that I own 1000 shares of AMD I’m a little concerned with a pull back. Let’s watch and see!<\/p>\n
<\/p>\n
Steve<\/p>\n
The Options Coach<\/em><\/p>\n","protected":false},"excerpt":{"rendered":" Yesterday I was very busy preparing for my Oktoberfest which is this Saturday. Yesterday was also Monday, so I was looking to get into a position where I could make some money this week. I have a lot of German beer to buy lol. Not being able to be near my computer for most of […]<\/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-4593","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\/p75MP0-1c5","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/4593","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=4593"}],"version-history":[{"count":1,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/4593\/revisions"}],"predecessor-version":[{"id":4594,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/4593\/revisions\/4594"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4593"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4593"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4593"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}