{"id":883,"date":"2016-01-05T09:29:59","date_gmt":"2016-01-05T14:29:59","guid":{"rendered":"http:\/\/www.mainstbeatswallst.com\/?p=883"},"modified":"2016-01-06T19:57:34","modified_gmt":"2016-01-07T00:57:34","slug":"covered-gpro","status":"publish","type":"post","link":"https:\/\/www.mainstbeatswallst.com\/?p=883","title":{"rendered":"Covered GPRO"},"content":{"rendered":"

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Right now it’s 9am and the market has a half hour before it opens. With the correct program you can participate in pre-market trading. You can trade stock starting at 8am. Stock only, not options! Well yesterday I sold 20 contracts of GPRO Naked Calls. This represents 2000 shares of stock. Whenever you sell a Naked Call you MUST watch that stock closely. If the stock goes up and approaches your Strike Price, I highly recommend buying the stock which will make your Naked Call a Covered Call. So practicing what I preach, this morning at 8am I started watching what GPRO might do today. I saw with pre-market trading the stock was up $.80. I went to the news feed and under GPRO I saw “Gapping up.” The first line of the story was “Gapping up in reaction to strong earnings\/guidance.” I immediately set my computer to “Pre-market Trading” and put in an order to buy 2000 shares of GPRO to cover my Naked Call I sold yesterday. My Strike Price is $20. This is the price I will have to deliver the stock for if the stock goes up. This Call expires this Friday. My order got executed for the 2000 shares at $19.89. Since it looks like the stock is going to go up a bit, I’m very happy I own the stock. Even if it didn’t move big this week I think it will soon, so I’m happy to be covered. Watch GPRO and see what happens to this trade. I put a Risk Factor of 1 on this trade. This is a very low risk trade. This is the order to buy the stock:<\/p>\n

 <\/p>\n

Buy 2000 shares GPRO @ $19.89<\/strong><\/h3>\n

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Pages to read to understand this trade:<\/strong><\/span><\/p>\n

Naked Calls<\/p>\n

Covered Calls<\/p>\n

 <\/p>\n

 <\/p>\n

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

Right now it’s 9am and the market has a half hour before it opens. With the correct program you can participate in pre-market trading. You can trade stock starting at 8am. Stock only, not options! Well yesterday I sold 20 contracts of GPRO Naked Calls. This represents 2000 shares of stock. Whenever you sell a […]<\/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-883","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-ef","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/883","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=883"}],"version-history":[{"count":3,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/883\/revisions"}],"predecessor-version":[{"id":928,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/883\/revisions\/928"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=883"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=883"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=883"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}