The market is on the move again today. I had some money available in my account so I bought 500 of Micron (MU) at $59.25.
Buy 500 Shares MU @ $59.25
I also put in an order to sell a 5 contract Call. So far I was not filled on the order. I’ll send an email as soon as I’m filled. My order is to sell 5 MU $60 Calls to expire next Friday. I’m going for a $1.25 premium but I might have to lower that, or wait it out. It’s still early.
On 12/30/19 I bought 1000 shares of Washington Prime (WPG) at $3.56. I bought this position for my Double Dipping Portfolio. When I bought the stock the dividend was 28%. I set a Trailing Stop at 25%, which is $2.85. Today the stock hit $2.85 and my stock was sold. I bought at $3.56 and sold at $2.85 for a $710 loss. WPG is no longer in the Double Dipping Portfolio and is out of Wealth Builder. My recommendation for rating for this stock is SELL.
Any position in Wealth Builder will not be listed in my Trading Account Weekly Results. These are long term positions, my weekly results are of my trading account. However, it will be part of my yearly results.
I bought 300 shares of NVIDIA yesterday and sold a 3 contract Call. I’ll be making noice money on this trade but this position will defiantly have a huge Opportunity Lost. As I say all the time. You must stick to your plan and be disciplined. I have a plan which works well for me, but I would have made a lot more money if I didn’t sell this Call. I will not let Opportunity Lost bother me, and I continue doing what I do. Being an options trader!
Successful trading,
Steve
The Options Coach