This week might be the most amount of trades I had expire on a single Expiration Date. The main reason for this is because I had a lot of trades expire in “The Grasshopper Field.” I’ll talk more about this in my Grasshopper Report.<\/p>\n
I’m very happy with this week for a few reasons. I’m happy because I was assigned on 8 positions. This put a lot of money back into my margin buying power. I’ve been writing about having more money on the sideline in the case of the inevitable correct. It makes me happy to know that with assignment I made the money I signed up for, and I’m able to better manage my margin account correctly.<\/p>\n
Believe it or not, I’m happy I’m focused on keeping my weekly gain in the 10k area. Risk comes with taking in 20 or 30 grand a week. The main risk is I’m fully invested. If the correction comes when I’m fully invested I’ll have problems. Working on margin, if the correction comes when I’m fully invested, I’m sure to get a margin call. If that happens I have to deposit more money into my account or liquidate some of my positions. I want to avoid this at all costs. The cost is I take in less money because I’m being responsible, NOT GREEDY! Lets hope I continue on this path. If I do I’ll have a great year.<\/p>\n
When I have more money on the sidelines I’ll prevent a margin call, plus I’ll have money available when the correction comes to get into good positions at a lower price. Right now I’m in this position and I was still able to lock in 12k this week. This makes me happy!<\/p>\n
I have a lot of positions to list so I’ll get started.<\/p>\n
Mark<\/strong><\/p>\n This was a 10 contract position on a low priced stock. This position was in “The Grasshopper Field.” This was a rare early assignment. This was a Covered Call to expire on Friday but someone exercised their right to buy the stock at the Strike Price on Wednesday.<\/p>\n I bought the stock at $2.30 and sold the $2.50 Call. I made $200 on the stock sale and made $250 as a premium for a total of $450. This Covered Call gave me a Return on Investment (ROI) of 19.5%. This was a great Grasshopper Trade and it’s the type of trade you must look for.<\/p>\n 1\/11\/21 \u2013 Buy 1000 Shares Mark @ $2.30<\/strong><\/p>\n 2\/16\/21 \u2013 Assigned 1000 Shares MARK @ $2.50<\/strong><\/p>\n 1\/11\/21 \u2013 Sell to Open 10 MARK 2\/19\/21 $2.50 C @ 25\u00a2 (+$250)<\/strong><\/p>\n 2\/16\/21 \u2013 Early Assignment 10 MARK 2\/19\/21 $2.50 C <\/strong><\/p>\n Draftkings<\/strong><\/p>\n A Covered Call without assignment.<\/p>\n 1\/27\/21 \u2013 Sell to Open 10 DKNG 2\/19\/21 $65.00 C @ $1.65 (+$1650)<\/strong><\/p>\n 1\/19\/21 \u2013 Expired 10 DKNG 2\/19\/21 $65.00 C <\/strong><\/p>\n Atlas Air Worldwide<\/strong><\/p>\n I got into this trade right after I heard the report about the amount of goods being sent to America from China. They’re sending so much the ships are lined up to get into our ports. With Trump’s trade policies gone the goods coming in is overwhelming our ports and the shipping companies are racking in tons of profit. With this report I looked into shipping stocks and I picked AAWW. All shipping stocks went up and my Covered Call worked nicely. I was assigned.<\/p>\n 2\/12\/21 \u2013 Buy 500 Shares AAWW @ $56.90<\/strong><\/p>\n 2\/19\/21 \u2013 Assigned 500 Shares AAWW @ $57.50 <\/strong><\/p>\n 2\/12\/21 \u2013 Sell to Open 5 AAWW 2\/19\/21 $57.50 C @ $2.00 (+$1000)<\/strong><\/p>\n 2\/19\/21 \u2013 Expired 5 AAWW 2\/19\/21 $57.50 C <\/strong><\/p>\n Peloton<\/strong><\/p>\n I bought this 1000 shares of PTON when the stock was on a run. The $167.60 is well above the present stock price. I’m hoping the stock recovers, if not I’ll have to put some thought into how to handle these 1000 shares. Clearly this Covered Call was not assigned.<\/p>\n 2\/12\/21 \u2013 Sell to Open 10 PTON 2\/19\/21 $167.60 C @ $1.00 (+$1000)<\/strong><\/p>\n 2\/19\/21 \u2013 Expired 10 PTON 2\/19\/21 $167.50 C <\/strong><\/p>\n Xpeng<\/strong><\/p>\n This Chinese electric car maker dropped this week. I’m looking for it to recover this week. This position I was not assigned on.<\/p>\n 2\/16\/21 \u2013 Sell to Open 10 XPEV 2\/19\/21 $47.00 C @ $1.50 (+$1500)<\/strong><\/p>\n 2\/19\/21 \u2013 Expired 10 XPEV 2\/19\/21 $47.00 C<\/strong><\/p>\n NIO<\/strong><\/p>\n All electric car makers dropped this week and NIO was no exception. I was not assigned on this Covered Call.<\/p>\n 2\/16\/21 \u2013 Sell to Open 10 NIO 2\/19\/21 $66.00 C @ 65\u00a2 (+$650)<\/strong><\/p>\n 2\/19\/21 \u2013 Expired 10 NIO 2\/19 $66.00 C<\/strong><\/p>\n Lexinfintech<\/strong><\/p>\n Covered Call with assignment. This was a nice 3 day trade.<\/p>\n 2\/19\/21 \u2013 Buy 1000 Shares LX @ $14.06<\/strong><\/p>\n 2\/19\/21 \u2013 Assigned 1000 Shares LX @ $15.00 <\/strong><\/p>\n 2\/16\/21 \u2013 Sell to Open 10 LX 2\/19\/21 $15.00 C @ 40\u00a2 (+$400)<\/strong><\/p>\n 2\/19\/21 \u2013 Expired 10 LX 2\/19\/21 $15.00 C<\/strong><\/p>\n Peloton<\/strong><\/p>\n I squeezed in this 10 contract Call with a 2 day trade.<\/p>\n 2\/17\/21 \u2013 Sell to Open 10 PTON 2\/19\/21 $148.00 C @ 45\u00a2 (+$450)<\/strong><\/p>\n 2\/19\/21 \u2013 Expired 10 PTON 2\/19\/21 $148.00 C<\/strong><\/p>\n Advanced Micro Devices<\/strong><\/p>\n Thursday afternoon at the close I got into this trade. Looking at the charts I felt AMD was gonna go up the next day so I bought the stock and sold a Call very close to At-the-Money. Made 15\u00a2 on the stock assignment for $150 and brought in a $450 premium. $600 bucks for a 1 day trade. Not bad!<\/p>\n 2\/18\/21 \u2013 Buy 1000 Shares AMD @ $88.85<\/strong><\/p>\n 2\/19\/21 \u2013 Assigned 1000 Shares AMD @ $89.00<\/strong><\/p>\n Profit +$150<\/strong><\/p>\n 2\/18\/21 \u2013 Sell to Open 10 AMD 2\/19\/21 $89.00 C @ 45\u00a2 (+$450)<\/strong><\/p>\n 2\/19\/21 \u2013 Expired 10 AMD 2\/19\/21 $89.00 C<\/strong><\/p>\n Palantir<\/strong><\/p>\n This was an Expiration Day trade. I made it in the morning and it expired at the close.<\/p>\n I’ll be writing about my Palantir position later.<\/p>\n 2\/19\/21 \u2013 Sell to Open 70 PLTR 2\/19\/21 $30.00 C @ 25\u00a2 (+$1750)<\/strong><\/p>\n 2\/19\/21 \u2013 Expired 70 PLTR 2.19\/21 $30.00 C <\/strong><\/p>\n The remaining trade were made for “The Grasshopper Field” so I’ll make comments in the Grasshopper Report.<\/strong><\/p>\n Lexinfintech<\/strong><\/p>\n 2\/8\/21 \u2013 Buy 500 Shares LX @ $6.95<\/strong><\/p>\n 2\/19\/21 \u2013 Assigned 500 Shares LX @ $7.50 <\/strong><\/p>\n 2\/8\/21 \u2013 Sell to Open 5 LX 2\/19\/21 $7.50 C @ 50\u00a2 (+$250)<\/strong><\/p>\n 2\/19\/21 \u2013 Expired 5 LX 2\/19\/21 $7.50 C <\/strong><\/p>\n Inseego<\/strong><\/p>\n 1\/12\/21 \u2013 Buy 300 Shares INSG @ $14.35<\/strong><\/p>\n 2\/19\/21 \u2013 Assigned 300 Shares SNSG 2\/19\/21 $15.00 C<\/strong><\/p>\n 1\/12\/21 \u2013 Sell to Open 3 INSG 2\/19\/21 $15.00 C @ $1.20 (+$360)<\/strong><\/p>\n 2\/19\/21 \u2013 Expired 3 INSG 2\/19\/21 $15.00 C <\/strong><\/p>\n U S Steel<\/strong><\/p>\n 1\/25\/21 \u2013 Buy 200 Shares X @ $17.90<\/strong><\/p>\n 2\/19\/21 \u2013 Assigned 200 Shares X @ $17.50 <\/strong><\/p>\n 2\/8\/21 \u2013 Sell to Open 2 X 2\/19\/21 $17.50 C @ 60\u00a2 (+$120)<\/strong><\/p>\n 2\/19\/21 \u2013 Expired 2 X 2\/19\/21 $17.50 C <\/strong><\/p>\n 2\/10\/21 \u2013 Sell to Open 1 INSG 2\/19\/21 $20.00 C @ $1.00 (+$100)<\/strong><\/p>\n 2\/19\/21 \u2013 Expired 1 INSG 2\/19\/21 $20.00 C <\/strong><\/p>\n Lexinfintech<\/strong><\/p>\n 2\/10\/21 \u2013 Buy 100 Shares LX @ $11.25<\/strong><\/p>\n 2\/19\/21 \u2013 Assigned 100 Shares LX @ $12.50<\/strong><\/p>\n Profit +$125<\/strong><\/p>\n 2\/10\/21 \u2013 Sell to Open 1 LX 2\/19\/21 12.50 C @ 45\u00a2 (+$45)<\/strong><\/p>\n 2\/19\/21 \u2013 Expired 1 LX 2\/19\/21 $12.50 C<\/strong><\/p>\n Inseego<\/strong><\/p>\n 2\/10\/21 \u2013 Sell to Open 1 INSG 2\/19\/21 $20.00 C @ $1.30 (+$130)<\/strong><\/p>\n 2\/19\/21 \u2013 Expired 1 INSG 2\/19\/21 $20.00 C<\/strong><\/p>\n NIO<\/strong><\/p>\n 2\/16\/21 \u2013 Sell to Open 1 NIO 2\/19\/21 $64.00 C @ $1.00 (+$100)<\/strong><\/p>\n 2\/19\/21 \u2013 Expired 1 NIO 2\/19\/21 $64.00 C <\/strong><\/p>\n This was a great week, but what a list of trades! Whatever it takes!<\/p>\n Watch for the Grasshopper Report and watch for the report I’m going to write about my Palantir positions.<\/p>\n Have a great weekend!<\/p>\n Successful trading,<\/p>\n Steve<\/p>\n The Options Coach<\/em><\/p>\n","protected":false},"excerpt":{"rendered":" This week might be the most amount of trades I had expire on a single Expiration Date. The main reason for this is because I had a lot of trades expire in “The Grasshopper Field.” I’ll talk more about this in my Grasshopper Report. I’m very happy with this week for a few reasons. I’m […]<\/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-10627","page","type-page","status-publish","hentry"],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/P75MP0-2Lp","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/10627","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=10627"}],"version-history":[{"count":1,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/10627\/revisions"}],"predecessor-version":[{"id":10634,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/10627\/revisions\/10634"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10627"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Profit +$200<\/strong><\/span><\/h4>\n
Profit +$250<\/strong><\/span><\/h4>\n
\nProfit +$1650<\/strong><\/span><\/h4>\n
\nProfit $300<\/strong><\/span><\/h4>\n
Profit +$1000<\/strong><\/span><\/h4>\n
\nProfit +$1000<\/strong><\/span><\/h4>\n
\nProfit +$1500<\/strong><\/span><\/h4>\n
\nProfit +$650<\/strong><\/span><\/h4>\n
\nProfit +$940<\/strong><\/span><\/h4>\n
Profit +$400<\/strong><\/span><\/h4>\n
\nProfit +$450<\/strong><\/span><\/h4>\n
\nProfit +$450<\/strong><\/span><\/h4>\n
\nProfit +$1750<\/strong><\/span><\/h4>\n
\nProfit +$275<\/strong><\/span><\/h4>\n
Profit +$250<\/strong><\/span><\/h4>\n
\nProfit $195<\/strong><\/h4>\n
Profit +$360<\/strong><\/span><\/h4>\n
\n\u00a0Loss -$80<\/strong><\/span><\/h4>\n
Profit +$120<\/strong><\/span><\/h4>\n
\nProfit +$100<\/strong><\/span><\/h4>\n
\nProfit +$45<\/strong><\/span><\/h4>\n
\nProfit +$130<\/strong><\/span><\/h4>\n
\nProfit +$100<\/strong><\/span><\/h4>\n
\nTotal Weekly Gain +$12,310<\/strong><\/h2>\n
\n