I was just filled on my buy order for 1000 shares of Square (SQ).<\/p>\n
Yesterday with SQ at $62.14 I sold a 10 contract Naked Call. The stock has been going down and it looked like it hit support. It did reverse and it started to move up. I did sell a Naked Call but I mentioned it the post reporting that trade that I didn\u2019t think I would be Naked long.<\/p>\n
Buy 1000 Shares SQ @ $62.75<\/strong><\/p>\n When I sold the Call I placed an order to buy the 1000 shares at $62.75. I figured if the stock didn\u2019t go up I\u2019d stay Naked, and if the stock went up to the point it was approaching my Strike Price I would be filled on the buy order to cover my Naked Call. Well, today the stock went up to $62.75 and I now have a Covered Call on SQ. When I made the Naked Call trade I gave it a risk factor 2. Now that I\u2019m Covered, it now has a Risk Factor 1<\/strong>.<\/p>\n Now I hope the stock continues up and I get assigned after the close on Friday.<\/p>\n Steve<\/p>\n The Options Coach<\/em><\/p>\n","protected":false},"excerpt":{"rendered":" I was just filled on my buy order for 1000 shares of Square (SQ). Yesterday with SQ at $62.14 I sold a 10 contract Naked Call. The stock has been going down and it looked like it hit support. It did reverse and it started to move up. I did sell a Naked Call but […]<\/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-5806","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\/p75MP0-1vE","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/5806","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=5806"}],"version-history":[{"count":2,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/5806\/revisions"}],"predecessor-version":[{"id":6110,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/5806\/revisions\/6110"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5806"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5806"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5806"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}