2 Grasshopper Project Trades

Trade 1 – Pinterest (PINS) –  ITM Covered Call

Here’s the breakdown of the trade—buying the stock and selling a Call option:

📈 Trade Details:

• Buy 100 Shares PINS @ $36

• Sell to Open: 1 contract of PINS 7/11/25 $35.50 Call @ 95¢

• Premium Collected: $95

• Stock Price at Entry: $36

 

Trade Rationale:

The PINS candlestick chart is in an uptrend, and I expect this to continue.

• If the stock stays above $35.50 my stock will be called away. I will lose 50¢ on the stock sale and keep the 95¢ premium. This situation will give me a net profit of 45¢ for $45.

• If my stock is not called away I keep the nice premium and sell another Call

 

Trade 2 – Core Scientific (CORZ) – Cash Secured Put

Here’s the breakdown of the trade—the selling of a Put option:

📈 Trade Details:

• Sell to Open: 1 contract of CORX 7/11/25 $15.00 Put @ 42¢

• Premium Collected: $42

• Stock Price at Entry: $15.45

 

Trade Rationale:

Today, there was an announcement that Core Scientific will be acquired by CoreWeave — the kind of news that usually supports a stock price. I believe the stock will stay above my strike price, and this Put will expire worthless.

• If CORZ stays above $15.00 through expiration, I’ll simply keep the premium without having to buy the stock.

• If CORZ drops below $15.00 and I’m assigned, I’ll own 100 shares at $15.00 each, which I’m more than okay with. From there, I’ll shift into my “Wheel Strategy” and start selling Calls against those shares.

 

✅ Summary:

These trades reinforce The Grasshopper Project’s core strategy: steady income, disciplined entries, and controlled risk. Whether I’m assigned or not, I get paid either way.

Please let me know if you have any questions or if you have any stocks you would like to to consider for The Grasshopper Project.

 

📈Successful trading,

Steve

The Options Coach