I’m not in the best situation with these 2 trades. Both are well below my buy-in price. The NASDAQ sell-off hurt a bunch of my positions, so I have to do the best I can do while I wait for them to bounce back up.<\/p>\n
With NIO I bought back on 1\/11 at $63.75. I brought in some premiums but after the big sell-off it’s been tough. With this position I decided to go out to 4\/16\/21 with the Expiration Date. Sometimes you have to do this to keep money coming in. This was a Grasshopper Trade so it’s only 100 shares so it didn’t hurt my account much. Someone with a smaller account might not feel the same.<\/p>\n
Today the stock is in the $45 area. I sold 1 4\/16\/21 $65 Call for a premium of 60\u00a2 for $60. Like I said, not the best situation but I’m bringing in money.<\/p>\n
<\/p>\n
Sell to Open 1 NIO 4\/16\/21 $65.00 C @ 60\u00a2 (+$60)<\/strong><\/p>\n This trade gets a Risk Factor 1<\/strong>. If I get the bounce I need and get assigned I will not lose money with the $65 Strike Price.<\/p>\n I bought 1000 shares of Cree (CREE) on 2\/22 at $121.50. The stock is down from where I bought. Today it opened a little over $113. The stock moved at the open and I might have jumped the gun a bit because after I was filled the stock continued up. As I write is almost $117.<\/p>\n To get a decent premium I sold a Call 50\u00a2 below my buy-in price. I went with the $121 Strike Price. If I get assigned I’ll lose $500 on the stock sale. I sold 10 CREE 3\/19\/21 $121.00 Call for a premium of 93\u00a2 for $930. If I give $500 back on assignment it’s OK by me. That’s what I signed up for. I’ve been bringing in premiums and this one is $930.<\/p>\n <\/p>\n Sell to Open 10 CREE 3\/19\/21 $121.00 C @ 93\u00a2 (+$930)<\/strong><\/p>\n This trade also gets a Risk Factor 1<\/strong>.<\/p>\n <\/p>\n Successful trading,<\/p>\n Steve<\/p>\n The Options Coach<\/em><\/p>\n","protected":false},"excerpt":{"rendered":" I’m not in the best situation with these 2 trades. Both are well below my buy-in price. The NASDAQ sell-off hurt a bunch of my positions, so I have to do the best I can do while I wait for them to bounce back up. With NIO I bought back on 1\/11 at $63.75. 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-10959","page","type-page","status-publish","hentry"],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/P75MP0-2QL","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/10959","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=10959"}],"version-history":[{"count":1,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/10959\/revisions"}],"predecessor-version":[{"id":10960,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/10959\/revisions\/10960"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10959"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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