{"id":4915,"date":"2019-04-05T17:33:21","date_gmt":"2019-04-05T21:33:21","guid":{"rendered":"http:\/\/www.mainstbeatswallst.com\/?p=4915"},"modified":"2019-04-06T00:32:47","modified_gmt":"2019-04-06T04:32:47","slug":"sell-8-cree-calls","status":"publish","type":"post","link":"https:\/\/www.mainstbeatswallst.com\/?p=4915","title":{"rendered":"Sell 8 AMD Calls"},"content":{"rendered":"

\"\"<\/a>With about 30 minutes to go until the close I went down stairs in my home to get a little workout in my gym. It is Friday, so there was also 30 minutes until the close of the week. \u00a0I had a few positions expiring at the close so I wanted to watch how the week finished. And I also wanted to make a move, so I brought my laptop to the gym. This is the special thing about trading; nowadays you can trade from almost anywhere.<\/p>\n

A few days ago I bought 800 shares of Advanced Micro Devices (AMD) and I sold an 8 contract Call. While I was exercising I was watching AMD because the stock was at $29 and the Strike Price of my Call, about to expire, was $29.50. If figured, if the stock was gonna close below my Strike Price of $29.50 I was gonna try to get another Call sold against my 800 shares before the close of the week. I knew if I didn’t get assigned I wanted to sell another Call next week, so I might as well get a jump on next week, and possibly get a better premium. If I sold the Call Friday instead of waiting until Monday there might be a little more Time Value<\/a><\/span> in the premium.<\/p>\n

With about 10 minutes left to the trading week, I placed an order to sell 8 CREE 4\/12\/19 $29.50 Calls at 61\u00a2. I was filled and I received a premium of $488 for the 8 contracts.<\/p>\n

\u00a0<\/p>\n

Sell to Open 8 AMD 4\/12\/19 $29.50 C @ 61\u00a2 (+$488)<\/h4>\n

\u00a0<\/p>\n

This is the second Call I sold on these shares. The 1st was a premium of $480 and this one was a premium of $488. Today’s trade is also a Covered Call on a hot stock so it gets a Risk Factor 1<\/strong>. This trade also gives me a 2% Rate of Return<\/a><\/span> for a 1 week trade. For a low risk trade it’s a great example of the type of trade I like to make. It fits into my “1 Week\/1%<\/a><\/span>” strategy.<\/p>\n

I had a pretty nice week. Watch for my week ending report.<\/p>\n

Have a great weekend and enjoy the NCAA basketball games.<\/p>\n

\u00a0<\/p>\n

Steve<\/p>\n

The Options Coach<\/em><\/p>\n\n\n


<\/p>\n","protected":false},"excerpt":{"rendered":"

With about 30 minutes to go until the close I went down stairs in my home to get a little workout in my gym. It is Friday, so there was also 30 minutes until the close of the week. \u00a0I had a few positions expiring at the close so I wanted to watch how the […]<\/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-4915","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\/p75MP0-1hh","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/4915","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=4915"}],"version-history":[{"count":2,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/4915\/revisions"}],"predecessor-version":[{"id":4918,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/4915\/revisions\/4918"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4915"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4915"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4915"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}