{"id":10929,"date":"2021-03-15T10:49:06","date_gmt":"2021-03-15T14:49:06","guid":{"rendered":"http:\/\/www.mainstbeatswallst.com\/?page_id=10929"},"modified":"2021-03-15T10:52:46","modified_gmt":"2021-03-15T14:52:46","slug":"grasshopper-trade-with-nikola-a-covered-call-with-tesla","status":"publish","type":"page","link":"https:\/\/www.mainstbeatswallst.com\/?page_id=10929","title":{"rendered":"Grasshopper Trade with Nikola & a Covered Call with Tesla"},"content":{"rendered":"

I’m on a nice run this morning. I was just filled on 3 trades. A 1 contract Covered Call with Nikola (NKLA), a 10 contract Covered Call with NKLA and a 2 contract Covered Call with Tesla (TSLA).<\/p>\n

I bought 1100 shares of NKLA on 3\/1\/21 at $18.80. 100 shares for a Grasshopper Trade and 1000 for a trade in my main trading account. I was just filled on these 2 trades again. The stock sold off a bit so I went out to next Friday. Both the Grasshopper Trade and my 10 contract trade expire on 3\/26\/21 and have a Strike Price of $19. I received a 50\u00a2 premium.<\/p>\n

 <\/p>\n

NKLA Grasshopper Trade<\/strong><\/span><\/p>\n

Sell to Open 1 NKLA 3\/26\/21 $19.00 C @ 50\u00a2 (+$50)<\/strong><\/p>\n

 <\/p>\n

The other trade was a 10 contract Covered Call.<\/p>\n

 <\/p>\n

Sell to Open 10 NKLA 3\/26\/21 $19.00 C @ 50\u00a2 (+$500)<\/strong><\/p>\n

Both of these trades get a Risk Factor 1 and both have a Rate of Return of 2.6%.<\/p>\n

\n

The big trade on this post is the Tesla trade. I bought 200 shares of Tesla on 3\/1 at $704. I’ve been bringing in very nice premiums and I just brought in another. I sold 2 contracts of the TSLA 3\/19\/21 $720 Calls for a premium of $21 for $4200.<\/p>\n

 <\/p>\n

Sell to Open 2 TSLA 3\/19\/21 $720.00 C @ $21.00 (+$4200)<\/strong><\/p>\n

This trade gets a Risk Factor 1. Also, this 5 day position gets a $21 premium for a 2.98% return. That’s 2.98% on a lot of money hence the return of $4200. This position brings me to my weekly goal.<\/p>\n

 <\/p>\n

Successful trading,<\/p>\n

Steve<\/p>\n

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

I’m on a nice run this morning. I was just filled on 3 trades. A 1 contract Covered Call with Nikola (NKLA), a 10 contract Covered Call with NKLA and a 2 contract Covered Call with Tesla (TSLA). I bought 1100 shares of NKLA on 3\/1\/21 at $18.80. 100 shares for a Grasshopper Trade and […]<\/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-10929","page","type-page","status-publish","hentry"],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/P75MP0-2Qh","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/10929","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=10929"}],"version-history":[{"count":2,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/10929\/revisions"}],"predecessor-version":[{"id":10934,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/10929\/revisions\/10934"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10929"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}