A few days ago I bought 100 Shares of 3D Systems (DDD) at $37.50 for a Grasshopper trade. I never got a Call sold. Today I bought another 100 shares at $37.30. I now own 200 shares at $37.40. Also, I just sold 2 contracts of the DDD 7/2/21 $38 Calls for a premium of 90¢ for $180.
Buy 200 Shares DDD @ $37.40
Sell to Open 2 DDD 7/2/21 $38.00 C @ 90¢ (+$180)
I like DDD and I think it will be going higher, so I think I’ll be involved in the stock a bit longer. This trade gave me a return of 2.4% and it’s a Risk Factor 1.
On Monday I sold a 5 contract Naked Call with CREE. Today I did a “Buy to Close” locking in a $300 profit. Naked Calls are very dangerous so if I can get out with a profit I do. This is a $300 profit with no investment.
6/28/21 – Sell to Open 5 CREE 7/2/21 $104.00 C @ 75¢ (+$375)
6/30/21 – Buy to Close 5 CREE 7/2/21 $104.00 @ 15¢ (+$75)
Profit +$300
You can see all my Master Trades on my Active Trades page.
Successful trading,
Steve
The Options Coach