Yesterday I had another busy day. I made a trade with Xpeng (XPEV) late in the day and didn’t get a chance to write the report.<\/p>\n
Xpeng Inc is a China-based company engaged in design, development, production and sales of smart electric vehicles. The Company’s primary products are a type of sport utility vehicle named G3 and a type of four-door sports sedan named P7. The Company sells its vehicle products under the brand Xpeng. It also provides a range of services to the clients, including supercharging service, maintenance service, ride-hailing service and vehicle leasing service.<\/p>\n
I’ve been watching this stock for a while and decided to jump in. I bought 1000 shares of the stock at $54 and sold a 10 contract 1\/22\/21 $54.50 Call for a premium of $1.25 for $1250. This is not bad for a 2 day position but I could have done better. The stock was up in the high 50’s. I placed an order to buy the stock at $54 before going to physical therapy for my shoulder. When I returned home I was filled on the order but the stock was down to $52. I was able to get the $1.25 premium but earlier I saw the premium at $2. This shoulder is costing me money lol.<\/p>\n
Buy 1000 Shares XPEV @ $54.00<\/strong><\/p>\n Sell to Open 10 XPEV 1\/22\/21 $54.50 C @ $1.25 (+$1250)<\/strong><\/p>\n This is a Covered Call on a stock I own for the first time. I’m giving this trade a Risk Factor 2<\/strong> because of the volatility.<\/p>\n Today I hope to get Calls sold on shares I own that are available for Covered Calls. Available I own 200 shares of Tesla, 1000 shares of Draftkings and 1000 shares of Palantir.<\/p>\n I’ll also be looking at Under Armour (UAA) for a Grasshopper trade. The stock received an upgrade today from Deutsche Bank. I would love a position expiring tomorrow but I’ll also look at next Friday’s expiration, 1\/29\/21.<\/p>\n Other stocks upgraded today will be on my watchlist today, Tellurian (TELL), Diebold Nixdorf (DBD), Alpha Pro Tech (APT).<\/p>\n Also, I still own 8 contracst of Apple LEAPS. 4 $95 LEAPS and 4 $110 LEAPS. I still have these from the stock split. I’m looking to get out of these with a $20,000 profit. Apple’s been on the move. There really isn’t a rush because they expire on 6\/17\/22. As of yesterday these positions were up about $16K and the stock is due to open up $2.<\/p>\n Successful trading,<\/p>\n Steve<\/p>\n The Options Coach<\/em><\/p>\n","protected":false},"excerpt":{"rendered":" Yesterday I had another busy day. I made a trade with Xpeng (XPEV) late in the day and didn’t get a chance to write the report. Xpeng Inc is a China-based company engaged in design, development, production and sales of smart electric vehicles. The Company’s primary products are a type of sport utility vehicle named […]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"class_list":["post-10107","page","type-page","status-publish","hentry"],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/P75MP0-2D1","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/10107","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=10107"}],"version-history":[{"count":3,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/10107\/revisions"}],"predecessor-version":[{"id":10113,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/10107\/revisions\/10113"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10107"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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