This report is a little late because my life is crazy. As you get older you’re supposed to calm down and relax; my life seems to get busier all the time. No worries, I’m being productive, and my time is being used doing good things. Like running Fiore’s Pizza, Coaching basketball, taking care of the home, doing physical therapy on my shoulder and working on “Main Street beats Wall Street.” And a few other things like trading & traveling lol. OK, enough of the excuses, let’s get to work.
Another great week! I only made moves on 2 positions to lock in some nice profit. 1 with Square (SQ) and the other with Advanced Micro Devices (AMD).
Square
I’ve been in SQ for a few months. In that time I sold many Calls and brought in some nice premiums. The stock pulled back and shot up to an all time high. I originally went in the stock at $54.70 with 500 shares. It moved so well I decided to jump out at $59.80 thinking it might pull back again. I decided to lock in the profit and move the money into RH. I don’t know if you’re following my RH trade but it’s moving crazy. Up 35% today. That position is a long story and I’ll get to it later in the week, but the position will make for another great week this week. For this week I locked in $2550 on this trade. SQ did continue up. It’s up to $63.50 today. However, not moving anywhere near RH.
3/14/18 – Buy 500 Shares SQ @ $54.70
6/4/18 – Sell 500 Shares SQ @ $59.80
Profit +$2550
Advanced Micro Devices
I owned AMD for a year. I finally got a chance to sell a Call and the stock started to move. I decided to sell the stock at a profit and do a Roll-Out with the option. Please read the post to understand the move I made. Sold my AMD Stock and Adjusted My AMD Call.
I locked in the stock profit and the option Roll-Out will be in my “Active Positions” for a while. Now that I’m Naked on that Call I hope the stock pulls back or I’ll have to do another Roll-Out. Let’s watch to see how this plays out.
6/26/17 – Buy 2000 Shares AMD @ $14.39
6/8/18 – Sold 2000 Shares AMD @ $15.25
Profit +$1720
If you have any questions on how the Roll-Out works send me an email.
Total Weekly Gain +$4270
I’m on a roll. Watch for my RH trade.
Steve
The Options Coach