Yesterday was a Travel day for me. I left NY to go to Ft Lauderdale. My wife and I were out of the house at 8:30am to head to the airport. At the airport, once the market was open, I placed a few trade orders before boarding the plan. I was filled on trades with Tesla (TSLA) and Penn Gaming (PENN) but was never filled on trades with AMAT and CREE. I’ll try again today. I should have reported the trades yesterday but once we landed we settled in to the hotel and went out for a late lunch on the beach.<\/p>\n
I bought 200 shares of TSLA on 3\/1 for $704 per share. I’ve been selling Calls every week bringing in premiums of 3 and 4 thousand dollars. And this is with the stock down a little from where I bought. This week the stock received another upgrade and it’s been moving up. Yesterday TSLA moved above my buy-in price in the morning. I decided to watch it before I got on the plane. When it was time to close the computer the stock was at $720. Who knew if it would go higher, or reverse and pull back. I decided to place an order to sell the $730 Call for a $15 premium. As soon as I got on the plane I opened my computer to see how my order was doing, I was filled.<\/p>\n
I sold 2 TSLA 4\/16\/21 $730 Calls for a premium of $15 for $3000.<\/p>\n
<\/p>\n
4\/13\/12 \u2013 Sell to Open 2 TSLA 4\/16\/21 $730.00 C @ $15.00 (+$3000<\/strong><\/p>\n <\/p>\n Now I wish I wasn’t traveling. Because I was traveling I wanted to get a trade in, but if I wasn’t traveling I might have watched it a little longer. The stock closed yesterday at $762 and as I write it’s due to open up another $15. I’m sure to get assigned on this one for a nice profit.<\/p>\n This trade gets a Risk Factor 1<\/strong>.<\/p>\n My other trade was with PENN. On 3\/26 I bought 1000 shares of PENN at $111 as a result of being assigned on a Put. I’ve been selling Calls against the shares but the stock is down about $10. Yesterday I wanted another premium but they were a little low. With the stock at $101I decided to sell a $109 Call to get an OK premium. The problem is, if I get assigned I’ll lose $2 on the stock. However, I don’t think I’ll get assigned.<\/p>\n I sold 10 PENN 4\/16\/21 $109 Calls for a premium of 50\u00a2 for $500.<\/p>\n <\/p>\n 4\/13\/21 \u2013 Sell to Open 10 PENN 4\/16\/21 $109.00 C @ 50\u00a2 (+$500)<\/strong><\/p>\n <\/p>\n With the chance of losing money on assignment I give this trade a Risk Factor 2<\/strong>. If I was going to get assigned I do have the money in my margin to buy new shares to deliver at $109. If this happens I’ll keep my $111 shares to continue selling Calls against.<\/p>\n Any questions on this send me an email.<\/p>\n <\/p>\n Successful trading,<\/p>\n Steve<\/p>\n The Options Coach<\/em><\/p>\n","protected":false},"excerpt":{"rendered":" Yesterday was a Travel day for me. I left NY to go to Ft Lauderdale. My wife and I were out of the house at 8:30am to head to the airport. At the airport, once the market was open, I placed a few trade orders before boarding the plan. I was filled on trades with […]<\/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-11136","page","type-page","status-publish","hentry"],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/P75MP0-2TC","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/11136","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=11136"}],"version-history":[{"count":1,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/11136\/revisions"}],"predecessor-version":[{"id":11137,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/11136\/revisions\/11137"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11136"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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