{"id":6177,"date":"2019-11-05T19:18:25","date_gmt":"2019-11-06T00:18:25","guid":{"rendered":"http:\/\/www.mainstbeatswallst.com\/?p=6177"},"modified":"2020-02-11T12:40:43","modified_gmt":"2020-02-11T17:40:43","slug":"sold-a-naked-call-with-amd","status":"publish","type":"post","link":"https:\/\/www.mainstbeatswallst.com\/?p=6177","title":{"rendered":"Sold a Naked Call With AMD"},"content":{"rendered":"

Today I took \u00a0calculated risk and sold a Naked Call on Advanced Micro Devices (AMD).<\/p>\n

This afternoon I had to leave my office early. Before I did I wanted to make one more trade to possibly end the week. I looked at AMD, which was up, and I liked what I saw. The stock has been up almost every day for a week now, 8 out of 9 days. With the stock up again today I liked the way the candlesticks looked for a little backoff. It looked like it was hitting resistance. With the stock at $36.40 I decided to sell a 10 contract Call. I sold the $36.50 Call to expire this Friday and brought in a $520 premium. I was debating whether I wanted to buy the stock or go Naked. Going Naked would be a ballsey move but I felt strongly that the stock was gonna come down. I had to leave my office and didn\u2019t even have time to write this report. I decided to stay Naked and I took off. I started watching the stocks on my phone in my car. It seemed like as soon as I sold the Call the stock started going higher. I was in my car and couldn\u2019t do anything about it. The stock went all the way up over $37. Needless to say, I was pissed off.<\/p>\n

I did some shopping and had to go to a meeting. The stock stayed up most of the day but right at the close it started pulling back. The stock backed off and closed at $36.15. I felt it was gonna do this, and I\u2019m glad it did. I continue to have a Naked Call but now I have a little breathing room. I\u2019ll watch closely to see what it will do in the morning.<\/p>\n

Sell to Open 10 AMD 11\/8\/19 $36.50 C @ 52\u00a2 (+$520)<\/strong><\/p>\n

This trade is a Naked Call on a very hot stock. This trade gets a Risk Factor 5<\/strong>. You can\u2019t get much more risky than a Naked Call on a hot stock. Especially selling just about At-the-Money<\/a><\/span>. I have a great feeling this trade is gonna work out great and I\u2019m gonna have another big week.<\/p>\n

I will be doing more Naked Calls soon in anticipation of a market pull back. Naked Calls are my favorite strategy but it\u2019s been hard doing them lately with the \u201cTrump Train\u201d chugging along.<\/p>\n

Take a look at my new Wealth Builder<\/a><\/span> teaser page. I hope to have the new section ready by Dec 1st. I\u2019ll give you one hint, Marvel Tech Group (MRVL) will be a part of it! I\u2019ll be writing a report on what I think. Already I own a LEAPS out to 2022 and 1000 shares. I\u2019ll be losing the shares this Friday to assignment. I will be buying more. This is one of the stocks I\u2019ll be giving a strong buy rating. Do your homework and this stock will be making you a lot of money.<\/p>\n

Any questions, send me an email.<\/p>\n

Successful trading,<\/p>\n

Steve<\/p>\n

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

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

Today I took \u00a0calculated risk and sold a Naked Call on Advanced Micro Devices (AMD). This afternoon I had to leave my office early. Before I did I wanted to make one more trade to possibly end the week. I looked at AMD, which was up, and I liked what I saw. The stock has […]<\/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-6177","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\/p75MP0-1BD","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/6177","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=6177"}],"version-history":[{"count":2,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/6177\/revisions"}],"predecessor-version":[{"id":7176,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/6177\/revisions\/7176"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6177"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6177"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6177"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}