Yesterday I bought 200 shares of RH at $155.25 and tried to sell a Call. I was not filled! This morning the stock is on the move again and I placed an order to sell another Call. I was just filled on 2 contracts of the RH $157.50 Calls to expire this Friday. I received a $3 premium for a total of $600. If the stock get above my Strike Price, and stays there into the close Friday, this will be a nice trade. The premium alone is a return of 1.9%. Not bad for 4 days. Fits into my “1 Week/1%” strategy. Also, if assigned, I’ll make another $2.25 per share for $450. The total return, with assignment, will be $1050. That would be a 3.3% Rate of Return. This is a great Grasshopper trade.
Sell to Open 2 RH 8/31/18 $157.50 C @ $3.00 (+$600)
Also this morning I bought 5 shares of Tesla (TSLA) at $314 for my “Gift Account.” Ark Investment Management CEO Catherine Wood, a money manager known for making bold calls, told CNBC on Wednesday she believes Tesla stock will one day trade at $4,000 per share. I really like Musk so I figured let me buy a little. As I make money with my trading I plan on watching Tesla and possibly buy more. It could be a good stock to gamble with for the grandkids, especially if it gets to $4000 a share lol. I believe betting on Musk and the electric car industry is a good gamble. We must reduce the use of fossil fuel.
Check out my “Gift Account” holdings. All stock was bought with profits from my Trading Account.
Steve
The Options Coach