{"id":6826,"date":"2020-01-02T10:59:54","date_gmt":"2020-01-02T15:59:54","guid":{"rendered":"http:\/\/www.mainstbeatswallst.com\/?p=6826"},"modified":"2020-07-16T00:29:09","modified_gmt":"2020-07-16T04:29:09","slug":"1st-trade-of-2020-i-sold-10-micron-calls","status":"publish","type":"post","link":"https:\/\/www.mainstbeatswallst.com\/?p=6826","title":{"rendered":"1st Trade of 2020. I Sold 10 Micron Calls"},"content":{"rendered":"

I just made the 1st trade of 2020.<\/p>\n

If you didn\u2019t read my last post, \u201cHappy New Year!<\/a><\/span>\u201d I will say it again, Happy New Year! Here at Main Street beats Wall Street<\/strong> we are looking for a great 2020. Let\u2019s hope we can make that happen.<\/p>\n

I\u2019m being pro-active to help make my goals for 2020 come true. I just sold a 10 contract Call on Micron (MU). I entered the trade as a Buy-Write with 2 separate trades. I placed a order to buy 1000 shares of MU at $54.80, and I placed a trade order to sell 10 contracts of the 1\/10\/20 $55.50 Calls for a premium of 80\u00a2.<\/p>\n

I was filled on my order to sell the Calls, but still waiting to get filled on the buying of the 1000 shares of the stock to make this a Covered Call.<\/p>\n

Sell to Open 10 MU 1\/10\/20 $55.50 C @ 80\u00a2 (+$800)<\/strong><\/p>\n

This trade will expire next Friday. It\u2019s a little more than a week, so the trade fits into my \u201c1 Week\/1%<\/a><\/span>\u201d strategy. If I get filled on the stock order at $54.80 this Call gives me a return of 1.4%.<\/p>\n

When the Call was filled the stock was at $54.75. As soon as I\u2019m filled on my stock order I\u2019ll sent out another notice.<\/p>\n

At the moment this is a Naked Call with a Risk Factor 3<\/strong>. It\u2019s a 3 and not a 5 because I have an order in to buy the stock. As soon as I\u2019m filled this will become a Risk Factor 1 because it will be a Covered Call.<\/p>\n

Let\u2019s hope this trade is the beginning of a great year.<\/p>\n

Successful trading,<\/p>\n

Steve<\/p>\n

The Options Coach<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

I just made the 1st trade of 2020. If you didn\u2019t read my last post, \u201cHappy New Year!\u201d I will say it again, Happy New Year! Here at Main Street beats Wall Street we are looking for a great 2020. Let\u2019s hope we can make that happen. I\u2019m being pro-active to help make my goals […]<\/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-6826","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\/p75MP0-1M6","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/6826","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=6826"}],"version-history":[{"count":2,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/6826\/revisions"}],"predecessor-version":[{"id":8151,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/6826\/revisions\/8151"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6826"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6826"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6826"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}