Earlier I wrote that I made trades with Workhorse and Nikola. I took shares from The Grasshopper Field and combined them with shares I have in my main trading account. With this crazy market I’m trying to consolidate and get rid as much as I can. I’m gonna try to set myself up for a great 2nd half.
I just did the same with NIO (NIO) and U.S. Steel (X). I combined shares of both stocks and sold Calls. With NIO I own 1500 shares and sold a 15 contract Call as a Master Trade. With X I combined the shares and sold a 4 contract Call. This position is a Grasshopper Trade and I kept it in The Grasshopper Field.
I hope all this makes sense. I’m consolidating to try to make it easier to follow all my positions. These trades are listed below.
NIO
7/6/21 – Buy 1300 Shares NIO @ $51.40
7/6/21 – Buy 200 Shares NIO @ $56.80
(Own 1500 at an average of $52.12)
7/21/21 – Sell to Open 15 NIO 8/6/21 $52.00 C @ 85¢ (+$1275)
U.S. Steel
5/11/21 – Buy 200 Shares X @ $28.00
6/14/21 – Buy 200 Shares X @ $27.25
7/21/21 – Sell to Open 4 X 8/20/21 $28.00 C @ 38¢ (+$152)
Successful trading,
Steve
The Options Coach