Results Week Ending 9/14/18

The only trades I have to report are the trades from Friday. I wrote a post on the trades which you can read at Friday 9/14 Trades. The week could have been very bad but I saved it with a trade a few hours before the close which made a possible very bad week just “bad.” The trade I’m talking about made me $1500, but I still had a $900 loss on the week. Please read about the week in the link above so I don’t have to rewrite it here. Here are the trades:

 

9/10/18 – Sell to Open 10 AMD 9/14/18 $29.50 C @ 60¢ (+$600)

9/14/18 – Buy to Close 10 AMD 9/14/18 $29.50 C @ $3.00 (-$3000)

Lose -$2400

 

The Covered Call trades below I entered on Friday and the market closed a few hours later. My Call expired and I was assigned.

Advanced Micro Devices Covered Call

9/14/18 – Buy 1000 Shares AMD @ $31.50

9/14/18 – Assigned 1000 Shares AMD @ $32.50

Profit $1000

 

9/14/18 – Sell to Open 10 AMD 9/14/18 $ 32.50 C @ 50¢ (+$500)

9/14/18 – Expired 10 AMD 9/14/18 $32.50 C

Profit +$500

 

Total Weekly Loss -$900

 

Steve

The Options Coach

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