This is one of those crazy busy mornings. I have a lot of stock positions because I wasn’t assigned on anything this past Expiration Date. I was filled on some Call orders and still waiting to get filled on others.<\/p>\n
Let’s start with the Grasshopper Trade with Nikola (NKLA). I like the price and I like the candlesticks positioning with the Bollinger Bands. I didn’t only make a 1 contract Grasshopper Trade, I also made a 10 contract trade in my trading account. I bought the stock at $18.80 and sold the $19 Calls.<\/p>\n
NKLA Grasshopper Trade<\/strong><\/span><\/p>\n Buy 100 Shares NKLA @ $18.80<\/strong><\/p>\n Sell to Open 1 NKLA 3\/5\/21 $19.00 C @ 60\u00a2\u00a0<\/strong>(+$60)<\/strong><\/p>\n The trade I made in my account is the same trade.<\/p>\n Buy 1000 Shares NKLA @ $18.80<\/strong><\/p>\n Sell to Open 10 NKLA 3\/5\/21 $19.00 C @ 60\u00a2(+$600)<\/strong><\/p>\n These NKLA premiums are 3.1%.<\/p>\n I previously owned 1000 Shares of Draftkings at $63.70. The stock is up big today! I sold 10 DKNG 3\/5\/21 $67 Calls for a premium of $2 for $2000.<\/p>\n Sell to Open 10 DKNG 3\/5\/21 $67.00 C @ $2.00 (+$2000)<\/strong><\/p>\n This is a 3.1% premium.<\/p>\n Last week I sold a $64 Put on Netapp (NTAP). The stock closed at $62.60 so I had 1000 shares put to me at $64. The stock is up today so I sold a 10 contract Call. I sold 10 NTAP 3\/5\/21 $64.50 Calls for a premium of $1.25 for $1250.<\/p>\n Sell to Open 10 NTAP 3\/5\/21 $64.50 C @ $1.25 (+$1250)<\/strong><\/p>\n This is a 1.9% premium.<\/p>\n Looking at the charts I feel Tesla is about to move. It’s up $30 as I write. I bought 200 shares at $704 and sold a 2 contract Call. I sold 2 3\/5\/21 $707.50 Call for a premium of $21.50 for $4300.<\/p>\n Buy 200 Shares TSLA @ $704.00<\/strong><\/p>\n Sell to Open 2 TSLA 3\/5\/21 $707.50 C @ $21.50 (+$4300)<\/strong><\/p>\n This is a 3% premium.<\/p>\n All of the trades above are Risk Factor 1. I’m not sure what the market is going to do this week so I went with Strike Prices to get assigned. I’ll make a little less on the stock but I received nice premiums.<\/p>\n The above trade, in addition to trade I made last week that will expire this Friday, will give me my weekly goal. The Covered Calls I had going from last week are with CREE, WKHS and SLV.<\/p>\n My account is going up and I have plenty in my margin buying power account to make more trades if I want. I’ll watch the market closely and make a decision. I’ll try to make another Grasshopper trade, or 2.<\/p>\n Successful trading,<\/p>\n Steve<\/p>\n The Options Coach<\/em><\/p>\n","protected":false},"excerpt":{"rendered":" This is one of those crazy busy mornings. I have a lot of stock positions because I wasn’t assigned on anything this past Expiration Date. I was filled on some Call orders and still waiting to get filled on others. Let’s start with the Grasshopper Trade with Nikola (NKLA). I like the price and I […]<\/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-10829","page","type-page","status-publish","hentry"],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/P75MP0-2OF","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/10829","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=10829"}],"version-history":[{"count":1,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/10829\/revisions"}],"predecessor-version":[{"id":10830,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/10829\/revisions\/10830"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10829"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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