I just sold a 5 contract Call on Micron. This is a Covered Call.<\/p>\n
Since Sept I\u2019ve been bringing in some nice money with Micron (MU).<\/p>\n
On 9\/5 I sold a Call that I bought in July. This was a $1000 gain. On 9\/4 I sold a 10 contract Call for a $750 gain. I bought a 10 contract Call on 7\/18 and sold it on 9\/16 for a $3000 gain. On 9\/27 I sold a Call that I bought on 7\/18, another $1000 gain. These few trades brought in a total of $5750.<\/p>\n
On 9\/6 I bought 500 shares of the stock to hold because the stock was moving well. On 9\/30 I started selling Calls on these shares to bring in some money. On 9\/30 I sold a Call for $225, on 10\/28 I sold one for $500, and on 11\/4 I sold one for $300. Remember, these were only 5 contracts Calls. On these 3 Calls I brought in another $1025.<\/p>\n
Today I just sold another 5 contract Call with a premium of $1.20. The 5 contract Call had a $600 premium.<\/p>\n
I know this is December and I said I\u2019m not trading but I own these shares so I might as well bring in some premiums. Micron comes out with earnings on 12\/18, before this expiration. The stock could go up, or it could go down. It really did not affect my decision to sell this Call. The stock is below where I bought so I would own the shares anyway.<\/p>\n
The bottom line is, I\u2019ve had a great run with Micron. I brought is the $5750 listed above, the $1025 by selling the 3 Calls listed above, and now another $600. That\u2019s a total of $7375 in a few months with one stock. That\u2019s the potential of the market! And if I get assigned I\u2019ll make a few more hundred.<\/p>\n
I hope everyone is reading all the pages of the Wealth Builder.<\/p>\n
Successful trading,<\/p>\n
Steve<\/p>\n
The Options Coach<\/em><\/p>\n\n\n <\/p>\n","protected":false},"excerpt":{"rendered":" I just sold a 5 contract Call on Micron. This is a Covered Call. Since Sept I\u2019ve been bringing in some nice money with Micron (MU). On 9\/5 I sold a Call that I bought in July. This was a $1000 gain. On 9\/4 I sold a 10 contract Call for a $750 gain. I […]<\/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-6670","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\/p75MP0-1JA","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/6670","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=6670"}],"version-history":[{"count":2,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/6670\/revisions"}],"predecessor-version":[{"id":8134,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/6670\/revisions\/8134"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6670"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6670"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6670"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}