I just got into the passage seat giving my wife the wheel. We’re driving up to Boston. This is not exactly where I want to be during rush hour on a hot Friday afternoon.<\/p>\n
Before I left home I sent out a post reporting the selling of a 10 contract Micron (MU) Naked Call. The stock is looking so good I decided to cover the Call before I got on the road. I bought 1000 shares of the stock at $45.50. I wasn’t gonna Cover until the stock got close to my Strike Price, but I figured I might as well make $500 on the stock if assigned. It’s a $46 Call so I think it will hit that before next Friday. For the Call I received a $600 premium. If I get assigned I’ll make another $500 on the stock. That would be a nice $1100 in 1 week. The premium of $600 alone is a return of 1.3%. This fits into my “1 Week\/1% strategy.” If I get assigned the return will be 2.4%. These types of returns will set anyone up with a great retirement.<\/p>\n
I have a lot more to write but I’ll probably wait until I get to the hotel. I want to write and explain another position I’m in with Micron. The Diagonal Bull Call Spread<\/strong>. I’ll also have the week ending report to write.<\/p>\n I feel like I’ll be trading a lot. You will be getting some good info in the next few weeks. I hope some of you are learning and making a plan on how you can join in on making some money in the market.<\/p>\n Enjoy the weekend!<\/p>\n Steve<\/p>\n The Options Coach<\/p>\n","protected":false},"excerpt":{"rendered":" I just got into the passage seat giving my wife the wheel. We’re driving up to Boston. This is not exactly where I want to be during rush hour on a hot Friday afternoon. Before I left home I sent out a post reporting the selling of a 10 contract Micron (MU) Naked Call. 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-5318","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\/p75MP0-1nM","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/5318","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=5318"}],"version-history":[{"count":1,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/5318\/revisions"}],"predecessor-version":[{"id":5319,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/5318\/revisions\/5319"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5318"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5318"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5318"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}