{"id":6971,"date":"2020-01-14T15:30:29","date_gmt":"2020-01-14T20:30:29","guid":{"rendered":"http:\/\/www.mainstbeatswallst.com\/?p=6971"},"modified":"2021-01-02T21:05:23","modified_gmt":"2021-01-03T02:05:23","slug":"made-moves-with-micron-canopy","status":"publish","type":"post","link":"https:\/\/www.mainstbeatswallst.com\/?p=6971","title":{"rendered":"Made Moves With Micron & Canopy"},"content":{"rendered":"

I made 2 trades, 1 with Micron (MU) and the other with Canopy (CGC).<\/p>\n

\"\"<\/a>I bought 1000 shares of MU yesterday and placed an order to sell a Call. The day ended without me getting filled on my Call. I bought the shares at $57.50 and I was filled today on a 10 contract $58 Call to expire this Friday. I received a premium of 60\u00a2 for $600. Yesterday I was trying to get 80\u00a2 but was not filled. I figured with Tuesday coming to an end let me grab $600. If the stock doesn\u2019t move the premiums will be lower tomorrow.<\/p>\n

Sell to Open 10 MU 1\/17\/20 $58.00 C @ 60\u00a2 (+$600)<\/strong><\/p>\n

Mu is a hot stock but I hope I get assigned. With the market moving the way it has been I\u2019m afraid of a pullback. I just want to grab money and move on. This trade gets a Risk Factor 1<\/strong>.<\/p>\n

\n

\"\"<\/a>I also bought 1000 shares of Canopy. As you probably know CGC is one of the largest pot growers. I\u2019m not really into the pot stocks but I think this is a good 3 day deal. I bought the shares at $23.75 and sold the $24 Calls. I normally go a little higher with the Strike Price to make more money on the stock assignment but I positioned myself to ensure assigned. If I get assigned I\u2019ll make $250 on the stock.<\/p>\n

I sold the 10 Calls for a 60\u00a2 premium. On a $23.75 stock that\u2019s a 2.5% return. On this Covered Call I really want to get assigned. I have no interest in holding pot stocks.<\/p>\n

Buy 1000 Shares CGC@ $23.75<\/strong><\/p>\n

Sell to Open 10 CGC 1\/17\/20 $24.00 C @ 60\u00a2 ($600)<\/strong><\/p>\n

CGC has been moving nicely but I don\u2019t want to hold the stock. Plus the premium is a little high for my liking. This normally means the stock can be volatile. So with the chance of volatile keeping me in these shares I give this trade a Risk Factor 2<\/strong>.<\/p>\n

\u00a0<\/p>\n

Successful trading,<\/p>\n

Steve<\/p>\n

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

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

I made 2 trades, 1 with Micron (MU) and the other with Canopy (CGC). I bought 1000 shares of MU yesterday and placed an order to sell a Call. The day ended without me getting filled on my Call. I bought the shares at $57.50 and I was filled today on a 10 contract $58 […]<\/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-6971","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\/p75MP0-1Or","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/6971","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=6971"}],"version-history":[{"count":3,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/6971\/revisions"}],"predecessor-version":[{"id":9734,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/6971\/revisions\/9734"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6971"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6971"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6971"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}