{"id":9482,"date":"2020-12-03T10:43:53","date_gmt":"2020-12-03T15:43:53","guid":{"rendered":"http:\/\/www.mainstbeatswallst.com\/?p=9482"},"modified":"2020-12-03T10:43:53","modified_gmt":"2020-12-03T15:43:53","slug":"sold-another-10-contract-call-with-amd-to-expire-next-week","status":"publish","type":"post","link":"https:\/\/www.mainstbeatswallst.com\/?p=9482","title":{"rendered":"Sold another 10 Contract Call With AMD to Expire Next Week."},"content":{"rendered":"

On Monday I sold a 10 contract Advanced Micro Devices (AMD) $96 Naked Call. Read here<\/a><\/span>. The stock started to move toward my Strike Price, in fact it went over $96. While it was moving up I bought 1000 shares at $94.75 to cover my Naked Call. I now have a $96 Cover Call to expire tomorrow. Read the post Bought 1000 Shares of AMD<\/a><\/span>.<\/p>\n

As I write the stock is at $93.00. I don’t think it will get back to $96 before the close tomorrow. I decided to get another Call sold to expire next week. When you sell your weekly Call a little early you get a better premium. If I am correct and the stock doesn’t get to $96 these shares will cover the new Call I just sold.<\/p>\n

I sold 10 contracts of the 12\/11\/20 $95 Call for a premium of $1.80 for $1800. I lowered my Strike Price from $96 to $95. Originally I went with $96 because it was a Naked Call. I wanted a little room for protection. I believe this new Call will be a Covered Call so I went with the higher premium. I bought the stock at $94.75 and this time I sold the $95 Call.<\/p>\n

Sell to Open 10 AMD 12\/11\/20 $95.00 C @ $1.80 (+$1800)<\/strong><\/p>\n

The Covered Call I have going is a Risk Factor 1. The Call I just sold today is a Risk Factor 4<\/strong> until the close tomorrow. If the stock closes below $96 I will not get assigned and I’ll keep my stock. At this point these shares will cover this new Call and it will become a Risk Factor 1.<\/p>\n

Any questions send me an email.<\/p>\n

Successful trading,<\/p>\n

Steve<\/p>\n

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

On Monday I sold a 10 contract Advanced Micro Devices (AMD) $96 Naked Call. Read here. The stock started to move toward my Strike Price, in fact it went over $96. While it was moving up I bought 1000 shares at $94.75 to cover my Naked Call. I now have a $96 Cover Call to […]<\/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-9482","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\/p75MP0-2sW","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/9482","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=9482"}],"version-history":[{"count":1,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/9482\/revisions"}],"predecessor-version":[{"id":9485,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/9482\/revisions\/9485"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=9482"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=9482"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=9482"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}