Results Week Ending 6/25/21
We are just about at the halfway point of 2021. This year started off great, a continuation of 2020. However, March, April and May were horrible for me. Every week I consistently brought in real nice money via premiums, and the DOW, NASDAQ and the S&P were hitting all time highs on a weekly basis, but my account kept going south. I had never seen anything like this before. With the indexes at all time highs most stocks were nowhere near their 52 week highs.
It seems to me like things are getting back to where you can predict where stocks are going a little better. Maybe it’s the pandemic winding down, maybe it’s the economy starting to move again. Or maybe it’s the market getting used to the Biden spending and realizing it’s here to stay, at least for 4 more years.
I think the country is in trouble. So many people don’t want to work because the government is giving the money for free. Businesses are having trouble finding employees and this will show in their numbers and guidance. One big one is the airlines, they’re cutting flights because they don’t have enough workers. I hope I’m wrong, and I hope this problem works itself out.
For me, I just had one of the biggest weeks of the year. This week’s “locked-in” money was the highest since the week ending Feb 12th. and my account jumped 50K.
My Grasshopper Trades went very well getting assigned on 3 of 6 expiring trades. And my entire account also did well (Grasshopper & Master Trades) getting assigned on 10 of 20 trades.
Nikola
NKLA dropped way down to the $10 area back in the middle of April. In May I sold a 1 contract Call as the stock was moving up. It was a 1 month trade and I brought in 1%. 20 bucks! This is a classic example of paying attention to the return and not the amount of money you’re making.
5/26/21 – Sell to Open 1 NKLA 6/25/21 $19.00 C @ 20¢ (+$20)
6/25/21 – Expired 1 NKLA 6/25/21 $19.00 C
Profit +$20
Occidental Petroleum
I bought 100 shares for a Grasshopper Trade. I sold a Call but then the stock dropped down. On 6/15 I got another Call sold for a 1.7% return for the 10 day trade. I was assigned and my total return is 3.1%. This is a good example of a Grasshopper Trade I’d like to see you make.
6/3/21 – Buy 100 Shares OXY @ $29.58
6/25/21 – Assigned 100 Shares OXY 6/25/21 $30.00 C
Profit +$42
6/15/21 – Sell to Open 1 OXY 6/25/21 $30.00 C @ 50¢ (+$50)
6/25/21 – Expired 1 OXY 6/25/21 $30.00 C
Profit +$50
U.S. Steel
U.S. Steel without assignment. The premium was 3.1%.
6/21/21 – Sell to Open 2 X 6/25/21 $24.00 C @ 75¢ (+$150)
6/25/21 – Expired 2 X 6/25/21 $24.00 C
Profit +$150
Palantir
Covered Call with assignment. Bought the stock at $25 and sold the $25.50 Call. The premium was 2% and with assignment my return was 4%. Another great Grasshopper Trade.
6/14/21 – Buy 200 Shares PLTR @ $25.00
6/25/21 – Assigned 200 Shares PLTR @ $25.50
Profit +$100
6/21/21 – Sell to Open 2 PLTR 6/25/21 $25.50 @ 50¢ (+$100)
6/25/21 – Expired 2 PLTR 6/25/21 $25.50 C
Profit +$100
3D Systems
Covered Call with assignment. This came with a 5% premium and with assignment the return was 7.8%. Fantastic!
6/22/21 – Buy 100 Shares DDD @ $35.00
6/25/21 – Assigned 100 Shares DDD @ $36.00
Profit +$100
6/22/21 – Sell to Open 1 DDD 6/25/21 $36.00 C @ $1.75 (+$175)
6/25/21 – Expired 1 DDD 6/25/21 $36.00 C
Profit +$175
Workhorse
6/23/21 – Sell to Open 2 WKHS 6/25/21 $16.00 C @ 40¢ (+$80)
6/25/21 – Expired 2 WKHS 6/25/21 $16.00 C
Profit +$80
Total Weekly Return +$817
Another very good Grasshopper week with the $817 return on a relatively small investment. My entire account, which includes my Master Trades, made $18,547. Now that’s a great week!!!
Enjoy the rest of the weekend.
Successful trading,
Steve
The Options Coach