Results Week Ending 6/6/25

I posted all my trades this week— feels good being back full time in Main Street beats Wall Street.

It was a rough start to 2025, but my wife had her cancer surgery, and thank God, she’s now cancer free.

We’re praying for a strong and blessed second half of the year. Grateful to be here and posting again.

Let’s take a look at this week’s trades.

 

Palantir

On May 8th I sold a 3 contract Call on Palantir (PLTR). This was a one month Call with a Strike Price of $140. At the time the stock was in the $120 area and I felt strongly that the stock would not get up to my $140 Strike. I picked a Strike Price that I felt would not get assigned because I covered these Calls with long options and I didn’t want to deal with exercising my options to satisfy an assignment on my Calls. It turns out the stock closed the week at $127.72 and my Calls expired. I keep my $660 premium and move on to next week.

5/8/25 – Sell to Open 3 PLTR 6/6/25 $140.00 C @ $2.20 (+$660)

6/6/25 – Expired 3 PLTR 6/6/25 $140.00 C

Profit +$660

Palantir

I felt so strongly that Palantir wouldn’t get close to $140 the same day I made the trade above. I sold another 3 contracts of PLTR Calls. This had the same Expiration Date but here I went with a Strike Price of $139 for a little higher premium.

5/8/25 – Sell to Open 3 PLTR 6/6/25 $139.00 C @ $245 (+$735)

6/6/25 – Expired 3 PLTR 6/6/25 $139.00 C

Profit +$735

SoFi Technologies

This was a 3 contract Covered Call. I bought 300 shares of SOFI on April 23rd and didn’t like the way the stock was moving so I sold 3 Calls. I was assigned since the stock moved above my Strike Price of $14.

4/23/25 – Buy 300 Shares SOFI @ $12.30

6/5/25 – Assigned 300 Shares SOFI @ 14.00

Profit +$510

5/21/25 – Sell to Open 3 SOFI 6/6/25 $14.00 C @ 25¢ (+$75)

6/6/25 – Expired 3 SOFI 6/5/25 $14.00 C

Profit +$75

I made $510 on the stock sale and I keep the $75 premium.

SoFi Technologies

This was another Covered Call with SOFI only this one was with 200 shares I bought on May 19th. I was also assigned on this Covered Call since it had the same Strike Price.

5/19/25 – Buy 200 Shares SOFI @ $13.65

6/6/25 – Assigned 200 Shares SOFI @ $14.00

Profit +$70

5/21/25 – Sell to Open 2 SOFI 6/6/25 $14.00 C @ 25¢ (+$50)

6/6/25 – Expired 2 SOFI 6/6/25 $14.00 C

 Profit +$50

Super Micro Computer

This was a Covered Call without assignment. I keep the premium of $170. On Friday I knew I would not be assigned so I sold another 2 contract Call to expire next Friday. The new Call has a Premium of $210.

5/30/25 – Sell to Open 2 SMCI 6/6/25 $42.00 C @ 85¢ (+$170)

6/6/25 – Expired 2 SMCI 6/6/25 $42.00 C

Profit +$170

I bought the 200 shares to cover this Call at $41. The 85¢ premium is a ROI of 2% for the one week trade.

Hims & Hers Health

On May 23rd I was assigned on a $56 Put. Now that I owned the 200 shares at $56 I sold a $57 Call. This strategy is called “The Wheel.” I will be writing about it very soon. This is when you sell a Put–if assigned you sell a Call. If assigned on the Call you sell another Put. On this HIMS Wheel strategy I was not assigned on the Call so I keep the $420 premium and sell another Call. Which I already did on Friday. This new Call expires next Friday and gives me another Premium of $430.

5/29/25 – Sell to Open 2 HIMS 6/6/25 $57.00 C @ $2.10 (+$420)

6/6/25 – Expired 2 HIMS 6/6/25 $57.00 C

Profit +$420

This premium is a ROI of 3.7%.

RobinHood

Hood is on a big run but looking at the candlestick chart I saw it was hitting resistance in the $75 – $76 area. I sold a 1 day Call feeling strongly it would not go up to my Strike Price of $79. I was right and I keep my premium. After the close of Friday Hood dropped down to the $70 area. I think this week the stock will move down a little.

6/5/25 – Sell to Open 3 HOOD 6/6/25 $79.00 C @ 55¢ (+$165)

6/6/25 – Expired 3 HOOD 6/6/25 $79.00 C

Profit +$165

U.S.Steel

I liked the way U.S. Steel (X) has been moving with the steel moves Trump is making. I decided to sell some Puts. The stock did not get down to my $47 Strike Price so I keep the premium and put it in my mattress.

5/29/25 – Sell to Open 5 X 6/6/25 $47.00 P @ 75¢ ($375)

6/6/26 – Expired 5 X 6/6/25 $47.00 P

Profit +$375

RobinHood

HOOD has been on a crazy run. I did not think it would reverse and go down yet so I sold a 3 contract Put with the Strike Price of $69. It did not go down to $69 so I keep the premium.

6/3/25 – Sell to Open 3 HOOD 6/6/25 $69.00 P @ $1.30 (+$390)

6/6/25 – Expired 3 HOOD 6/6/25 $69.00 P

Profit +$390

Total Weekly Gain +$3620

This was a very nice week of pretty small trades. Many would fit into the Grasshopper category. Looking for another good week starting Monday.

My live, in person stock options class starts this Wednesday at 3pm. The start was delayed because of a schedule issue at the space I’m using. If you want to join me on Staten Island send me an email.

Enjoy the weekend!

 

Successful trading,

Steve

The Options Coach