{"id":7318,"date":"2020-03-10T11:26:29","date_gmt":"2020-03-10T15:26:29","guid":{"rendered":"http:\/\/www.mainstbeatswallst.com\/?p=7318"},"modified":"2021-02-26T09:14:43","modified_gmt":"2021-02-26T14:14:43","slug":"sold-10-united-airlines-calls","status":"publish","type":"post","link":"https:\/\/www.mainstbeatswallst.com\/?p=7318","title":{"rendered":"Sold 10 United Airlines Calls"},"content":{"rendered":"

\"\"<\/a>With United Airlines (UAL) at $50.50 and up about $3 on the day I sold 10 UAL 3\/13\/20 $48.50 Calls. This is a dangerous trade because the stock was $2 In-the-Money<\/a><\/span>. I feel this coming Friday UAL will be below my Strike Price of $48.50. As I write the stock is falling and it\u2019s already down to my Strike. This is a Naked Call so I hope the stock continues to drop.<\/p>\n

Because I sold the Call with the stock $2 In-the-Money I received a huge premium of $4. On my 10 Calls thats $4000. If the stock stays below $48.50 I\u2019ll keep the premium and I\u2019ll never have to buy the stock.<\/p>\n

Sell to Open 10 UAL 3\/13\/20 $48.50 C @ $4.00 (+$4000)<\/strong><\/p>\n

This is the kind of trade I really don\u2019t want to report at this time because it\u2019s not for Grasshoppers<\/a><\/span>. Main Street beats Wall Street<\/strong> is a learning site and I don\u2019t want new traders making trades like this. This is a Naked Call that was $2 In-the-Money when I sold so the trade gets a Risk Factor 5<\/strong>.<\/p>\n

Again, as I write UAL continues to drop, it\u2019s down to $48.<\/p>\n

This trade is for a hedge against the market moving down.<\/p>\n

Successful Trading,<\/p>\n

Steve<\/p>\n

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

With United Airlines (UAL) at $50.50 and up about $3 on the day I sold 10 UAL 3\/13\/20 $48.50 Calls. This is a dangerous trade because the stock was $2 In-the-Money. I feel this coming Friday UAL will be below my Strike Price of $48.50. As I write the stock is falling and it\u2019s already […]<\/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-7318","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\/p75MP0-1U2","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/7318","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=7318"}],"version-history":[{"count":2,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/7318\/revisions"}],"predecessor-version":[{"id":10743,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/7318\/revisions\/10743"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7318"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=7318"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=7318"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}