{"id":5333,"date":"2019-07-22T11:56:23","date_gmt":"2019-07-22T15:56:23","guid":{"rendered":"http:\/\/www.mainstbeatswallst.com\/?p=5333"},"modified":"2019-08-03T12:17:06","modified_gmt":"2019-08-03T16:17:06","slug":"sold-another-amd-call-2","status":"publish","type":"post","link":"https:\/\/www.mainstbeatswallst.com\/?p=5333","title":{"rendered":"Sold Another AMD Call"},"content":{"rendered":"

\"\"<\/a>I just sold a 10 contract Call on Advanced Micro Devices (AMD). I entered this trade with the attitude of this being a Naked Call, and it is, but if this Call ends up In-the-Money<\/a><\/span> I will not be buying more AMD.<\/p>\n

I have a lot going on with AMD, as I do with Micron (MU). When it comes to AMD let me explain my opening sentence. If you look at my \u201cActive Trades\/Current Positions<\/a><\/span>\u201d page you will see everything I have going on, but below I\u2019ll list all my positions with AMD.<\/p>\n

#1<\/strong><\/h1>\n

Advanced Micro Devices LEAP<\/p>\n

4\/3\/19 \u2013 Buy 1000 Shares AMD @ $29.38<\/p>\n

5\/28\/19 \u2013 Sell to Open 10 AMD 1\/17\/20 $35.00 C @ $2.65 (+$2650)<\/p>\n

#2<\/strong><\/h1>\n

Advanced Micro Devices Triple Play Hedge<\/p>\n

7\/18\/19 \u2013 Buy 1000 Shares AMD @ $32.75<\/p>\n

7\/5\/19 \u2013 Sell to Open 10 AMD 7\/12\/19 $32.50 C @ 35\u00a2 (+$350) Closed<\/span><\/p>\n

7\/5\/19 \u2013 Sell to Open 10 AMD 7\/19\/19 $33.00 C @ 50\u00a2 (+$500) Closed<\/span><\/p>\n

7\/5\/19 \u2013 Sell to Open 10 AMD 7\/26\/19 $33.50 C @ 90\u00a2 (+$900) Covered Call<\/p>\n

#3<\/strong><\/h1>\n

Advanced Micro Devices Naked Call<\/p>\n

7\/22\/19 \u2013 Sell to Open 10 AMD 7\/26\/19 $34.00 C @ 35\u00a2 (+$350)<\/p>\n

\n

#1 is a 10 contract Covered Call LEAP. It\u2019s not a true LEAP but it goes out to January. LEAPS normally are 1 year options.<\/p>\n

#2 is my Triple Play Hedge<\/strong>. I started this position 2 weeks ago and it will end this Friday. I will be reporting what my total profit will be at the end of this week.<\/p>\n

#3 is the Naked Call I sold a few minutes ago. As you see this is a 10 contract, $34 Call that will expire this Friday.<\/p>\n

\n

This 10 contract Call is Naked but if the stock goes above $34 and puts this Call In-the-Money I will not be covering with the buying of 1000 shares. I do not think the stock will get to $34 by this Friday, but it very well can! If it does, I have the 1000 shares that are covering my $35 Call (#1 above). It the stock gets above $34 and stays above until the close on Friday, I will get assigned and they will take these shares and leave my (#1) Call Naked, which doesn\u2019t expire until January.<\/p>\n

The bottom line is I don\u2019t have to watch this position like a hawk and this Naked Call gets a Risk Factor 1<\/strong>. Again, below is the Call I sold today.<\/p>\n

Sell to Open 10 AMD 7\/26\/19 $34.00 C @ 35\u00a2 (+$350)<\/strong><\/h4>\n

Like I said, I do not have to watch this like a hawk, but If the stock goes crazy and pops above $35 I would have a problem with the January $35 Call. I definitely don\u2019t see that happening but you never know! So to be over cautious I\u2019ll place a \u201cBuy Stop\u201d order at $34.50. If the stock pops up to $34.50 I\u2019ll get filled on buying another 1000 shares. I\u2019ll set this order Good Til Cancel (GTC). I\u2019ll leave this order in place until Friday then I\u2019ll cancel the order. A lot of these orders will be expired.<\/p>\n

Let\u2019s watch closely to see what these position do to end this week. This very well might be my last trade of the week. You never know if you have to make some kind of \u201cAdjustment Trade\u201d but right now I feel pretty good. This will be another week where I lock in a few thousand dollars.<\/p>\n

\u00a0<\/p>\n

Steve<\/p>\n

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

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

I just sold a 10 contract Call on Advanced Micro Devices (AMD). I entered this trade with the attitude of this being a Naked Call, and it is, but if this Call ends up In-the-Money I will not be buying more AMD. I have a lot going on with AMD, as I do with Micron […]<\/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-5333","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\/p75MP0-1o1","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/5333","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=5333"}],"version-history":[{"count":3,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/5333\/revisions"}],"predecessor-version":[{"id":5436,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/5333\/revisions\/5436"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5333"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5333"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5333"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}