{"id":10171,"date":"2021-01-23T09:24:54","date_gmt":"2021-01-23T14:24:54","guid":{"rendered":"http:\/\/www.mainstbeatswallst.com\/?page_id=10171"},"modified":"2021-01-23T09:55:18","modified_gmt":"2021-01-23T14:55:18","slug":"results-week-ending-1-22-21","status":"publish","type":"page","link":"https:\/\/www.mainstbeatswallst.com\/?page_id=10171","title":{"rendered":"Results Week Ending 1\/22\/21"},"content":{"rendered":"

For my strategy this week was much better than last. Last week I didn’t get assigned on much and I entered this week with a ton of positions to sell Calls against. This led to a very stressful Monday morning. This week will be different since I was assigned on PLTR, SNAP, XPEV and NVDA.<\/p>\n

I was very close to getting assigned on PTON but the stock closed at $159.75. I had 40 contracts of the PTON $160 Calls sold. Getting new Calls sold on these 4000 shares of PTON will be my #1 priority for Monday morning.<\/p>\n

Besides getting assigned on some big positions this Monday should be less stressful because I have positions that I already have Calls sold to expire next Friday. These are NKLA, PLTR, NIO, MOMO, TSLA and a number of Grasshopper trades. The only shares I’m holding that are without a Call sold are 1000 shares of DKNG, 4000 of PTON and 100 of NIO for a Grasshopper trade. I like how I’m positioned.<\/p>\n

Let’s talk about “The Grasshopper Field.” I’d like to thank everyone who took the time to comment on the new section. I’m happy you like it!<\/p>\n

If you are serious about becoming an options trader it’s very important to read the Grasshopper Trades and the explanations of why I made it. Especially the ones that don’t get assigned. It’s important to see how I manage the position if the Covered call doesn’t work out the way I want. Also, it’s very important to read the trades I make in my main trading account. The only difference is these positions are much bigger. The strategy I use is the same for both trades. It’s also important to see how I manage the bigger trades to see how to make a trade that didn’t go well into a winner. Not Preparing to Win is Preparing to Lose!<\/p>\n

\n

OK, let’s get into this week’s trades. It was another great week! About one third of the week’s gain was from my Apple LEAPS sale. I held the position for about 4 months and Apple finally moved this week. The 4 contracts I sold gave me over $12 thousand in profit. I had a ton of other trades so let’s get to it.<\/p>\n

NEO<\/strong><\/p>\n

I bought the stock on 12\/21 and have sold Calls. I decided to sell the stock with a $1200 profit.<\/p>\n

12\/21\/20 \u2013 Buy 1000 Shares NEO @ $52.80<\/strong><\/p>\n

1\/19\/21 \u2013 Sell 1000 Shares NEO @ $54.00 <\/strong><\/p>\n

Profit +$1200<\/strong><\/span><\/h4>\n
\n

Peloton<\/strong><\/p>\n

I had a 20 contract Call sold and I decided to do a “Buy to Close” locking most of the money and putting it back to work.<\/p>\n

1\/8\/21 \u2013 Sell to Open 20 PTON 1\/22\/21 $170.00 C @ $3.60 (+$7200)<\/strong><\/p>\n

1\/19\/21 \u2013 Buy to Close 20 PTON 1\/22\/21 $170.00 C @ 30\u00a2 (-$600) <\/strong><\/p>\n

Profit +$6600<\/strong><\/span><\/h4>\n
\n

Peloton<\/strong><\/p>\n

Another 10 contracts I did a “Buy to Close” on locking in the money.<\/p>\n

1\/12\/21 \u2013 Sell to Open 10 PTON 1\/22\/21 $170.00 C @ $2.50 (+$2500)<\/strong><\/p>\n

1\/19\/21 \u2013 Buy to Close 10 PTON 1\/22\/21 $170.00 C @ 30\u00a2 (-$300) <\/strong><\/p>\n

Profit +$2200<\/strong><\/span><\/h4>\n
\n

Apple<\/strong><\/p>\n

Sold my Apple LEAPS.<\/p>\n

AAPL Post 4:1 Split adjusted LEAPS Position \u2013 Sell to Close<\/p>\n

7\/23\/20 \u2013 Buy to Open 1 AAPL 6\/17\/22 $380.00 C @ $67.50<\/strong><\/p>\n

1\/21\/21 \u2013 Sell to Close 4 AAPL 6\/17\/22 $95 C @ $47.00 <\/strong><\/p>\n

Profit +$12,048<\/strong><\/span><\/h4>\n
\n

Palantir<\/strong><\/p>\n

Assigned on this 10 contract Covered Call.<\/p>\n

11\/25\/20 \u2013 Buy 1000 Shares PLTR @ $28.40<\/strong><\/p>\n

1\/22\/21 \u2013 Assigned 1000 Shares PLTR @ $28.50 <\/strong><\/p>\n

Profit +$100<\/strong><\/span><\/h4>\n

1\/19\/21 \u2013 Sell to Open 10 PLTR 1\/22\/21 $28.50 C @ 80\u00a2 (+$800)<\/strong><\/p>\n

1\/22\/21 \u2013 Expired 10 PLTR 1\/22\/21 $28.50 C <\/strong><\/p>\n

Profit +$800<\/strong><\/span><\/h4>\n
\n

Snap<\/strong><\/p>\n

Assigned on this Covered Call.<\/p>\n

12\/24\/20 \u2013 Buy 1000 Shares SNAP @ $52.00<\/strong><\/p>\n

1\/22\/21 \u2013 Assigned 1000 Shares SNAP @ $52.50 <\/strong><\/p>\n

Profit +$500<\/strong><\/span><\/h4>\n

1\/19\/21 \u2013 Sell to Open 10 SNAP 1\/22\/21 $52.50 C @ 60\u00a2 (+$600)<\/strong><\/p>\n

1\/22\/21 \u2013 Expired 10 SNAP 1\/22\/21 $52.50 C <\/strong><\/p>\n

Profit +$600<\/strong><\/span><\/h4>\n
\n

Peloton<\/strong><\/p>\n

This is a huge trade, but I received a huge premium. Was not assigned. Stock closed at $159.75.<\/p>\n

1\/19\/21 \u2013 Sell to Open 40 PTON 1\/22\/21 $160.00 C @ $1.25 (+$5000)<\/strong><\/p>\n

1\/22\/21 \u2013 Expired 40 PTON 1\/22\/21 $160.00 C @ $1.25<\/strong><\/p>\n

Profit +$5000<\/strong><\/span><\/h4>\n
\n

Xpeng<\/strong><\/p>\n

Covered Call with assignment.<\/p>\n

1\/20\/21 \u2013 Buy 1000 Shares XPEV @ $54.00<\/strong><\/p>\n

1\/22\/21 \u2013 Assigned 1000 Shares XPEV @ $54.50<\/strong><\/p>\n

Profit +$500<\/strong><\/span><\/h4>\n

1\/20\/21 \u2013 Sell to Open 10 XPEV 1\/22\/21 $54.50 C @ $1.25 (+$1250)<\/strong><\/p>\n

1\/22\/21 \u2013 Expired 10 XPEV 1\/22\/21 $54.50 C <\/strong><\/p>\n

Profit +$1250<\/strong><\/span><\/h4>\n
\n

Tesla<\/strong><\/p>\n

One day Covered Call without assignment. I already have another $860 Call sold for next week for a premium of $5800.<\/p>\n

1\/21\/21 \u2013 Sell to Open 2 TSLA 1\/22\/21 $860.00 C @ $7.50 (+$1500)<\/strong><\/p>\n

1\/22\/21 \u2013 Expired 2 TSLA 1\/22\/21 $860.00 C <\/strong><\/p>\n

Profit +$1500<\/strong><\/p>\n

\n

Nvidia<\/strong><\/p>\n

This was a 1 day Covered Call. I entered for the premium. I picked a Strike Price to get assigned. I’ll take the 1 day, low risk trade for $1000.<\/p>\n

1\/21\/21 \u2013 Buy 200 Shares NVDA @ $544.50<\/strong><\/p>\n

1\/22\/21 \u2013 Assigned 200 Shares NVDA @ $545.00 <\/strong><\/p>\n

Profit +$100<\/strong><\/span><\/h4>\n

1\/21\/21 \u2013 Sell to Open 2 NVDA 1\/22\/21 $545.00 C @ $4.50 (+$900)<\/strong><\/p>\n

1\/22\/21 \u2013 Expired 2 NVDA 1\/22\/21 $545.00 C<\/strong><\/p>\n

Profit +$900<\/strong><\/span><\/h4>\n
\n

NIO<\/strong><\/p>\n

1 contract Grasshopper trade without assignment. Nio’s on the move!<\/p>\n

1\/19\/21 \u2013 Sell to Open 1 NIO 1\/22\/21 $64.00 C @ 50\u00a2 (+$50)<\/strong><\/p>\n

1\/22\/21 \u2013 Expired 1\/NIO 1\/22\/21 $64.00 C <\/strong><\/p>\n

Profit +$50<\/strong><\/span><\/h4>\n
\n

Palantir<\/strong><\/p>\n

1 contract Grasshopper trade with assignment.<\/p>\n

1\/11\/21 \u2013 Buy 100 Shares PLTR @ $25.95<\/strong><\/p>\n

1\/22\/21 \u2013 Assigned 100 Shares PLTR @ $27.00 <\/strong><\/p>\n

Profit +$105<\/strong><\/span><\/h4>\n

1\/19\/21 \u2013 Sell to Open 1 PLTR 1\/22\/21 $27.00 C @ 95\u00a2 (+$95)<\/strong><\/p>\n

1\/22\/21 \u2013 Expired 1 PLTR 1\/22\/21 $27.00 C <\/strong><\/p>\n

Profit +$95<\/strong><\/span><\/h4>\n
\n

Total Weekly Gain +$33,548<\/strong><\/h2>\n
\n

This is, by far, the best start of a year I ever had. In the first 3 week I locked in a huge amount of money. I started with a much bigger account this year, $850,000, and in the first 3 week I’m already up over 10%. If this continues for the entire year, and we get rid of COVID, I’m taking everyone to Mexico!<\/p>\n

Keep studying. Work on the Grasshopper Trades. Develop a well planned strategy excluding greed and lots of discipline. You will do very well.<\/p>\n

Keep the question coming, and if near NYC I’ll sit with you for as long as you need.<\/p>\n

Watch for the Grasshopper weekly report.<\/p>\n

Enjoy the weekend!<\/p>\n

Successful trading,<\/p>\n

Steve<\/p>\n

The Options Coach<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

For my strategy this week was much better than last. Last week I didn’t get assigned on much and I entered this week with a ton of positions to sell Calls against. This led to a very stressful Monday morning. This week will be different since I was assigned on PLTR, SNAP, XPEV and NVDA. […]<\/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-10171","page","type-page","status-publish","hentry"],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/P75MP0-2E3","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/10171","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=10171"}],"version-history":[{"count":3,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/10171\/revisions"}],"predecessor-version":[{"id":10175,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/10171\/revisions\/10175"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10171"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}