I’m still in Ft Lauderdale, and it’s another beautiful day. Every day was perfect! Sorry I didn’t get this report done yesterday, but better late than never.<\/p>\n
I continue to bring in great premiums as I wait for some of my stock holdings to recover. Once everything recovers my account will be looking better then ever.<\/p>\n
As you know I like to get assigned. This week I was assigned on 2 positions, Tesla and Roblox. These 2 assignments gave me a large amount of buying power to start the week. Speaking about the start of the week, it’s starting on a travel day. I’ll be leaving my hotel tomorrow at 12 noon to head to the airport to return home. I hope I can get a few trades in before I leave.<\/p>\n
Let’s take a look at this week’s trades so I can go enjoy my last day of vacation.<\/p>\n
<\/p>\n
SLV<\/strong><\/p>\n I got into SLV when I felt silver was going to move because of the stimulus. It never moved so I keep selling Calls. Assignment doesn’t look like it will be any time soon. I’ll continue to try to bring in premiums.<\/p>\n 3\/22\/21 \u2013 Sell to Open 5 SLV 4\/16\/21 $26.00 C @ 25\u00a2 (+$125)<\/strong><\/p>\n 4\/16\/21 \u2013 Expired 5 SLV 4\/16\/21 $26.00 C <\/strong><\/p>\n Lexingfintech<\/strong><\/p>\n This stock is well below my buy-in price so I sell Calls a month or 2 out with the Expiration Date. This was a 1 month option and gave me a $1250 premium.<\/p>\n 3\/16\/21 \u2013 Sell to Open 10 LX 4\/16\/21 $15.00 C @ $1.25 (+$1250)<\/strong><\/p>\n 4\/16\/21 \u2013 Expired 10 LX 4\/16\/21 $15.00 C <\/strong><\/p>\n Workhorse<\/strong><\/p>\n Workhorse is lower but started moving this week. I hope to get another Call sold and get assigned this week.<\/p>\n 3\/31\/21 \u2013 Sell to Open 10 WKHS 4\/16\/21 $16.00 C @ 60\u00a2 (+$600)<\/strong><\/p>\n 4\/16\/21 \u2013 Expired 10 WKHS 4\/16\/21 $16.00 C <\/strong><\/p>\n NIO<\/strong><\/p>\n The electric car makers are struggling because of the chip shortage. Nio is no exception. I’m happy bringing in small premiums until it recovers.<\/p>\n 3\/31\/21 \u2013 Sell to Open 10 NIO 4\/16\/21 $46.00 C @ 40\u00a2 (+$400)<\/strong><\/p>\n 4\/16\/21 \u2013 Expired 10 NIO 4\/16\/21 $46.00 C <\/strong><\/p>\n Roblox<\/strong><\/p>\n This was my 1st trade with this stock. This was a 5 contract Covered Call with assignment. I’ll be watching the stock closely and I feel I’ll be making more trades with this one. This trade gave me a 2.7% return with the premium only. I also made $550 on the stock assignment. Not bad for a 1 week trade.<\/p>\n Assigned Covered Call<\/span><\/p>\n 4\/12\/21 \u2013 Buy 500 Shares RBLX @ $72.90<\/strong><\/p>\n 4\/16\/21 \u2013 Assigned 500 Shares RBLX @ $74.00 <\/strong><\/p>\n 4\/12\/21 \u2013 Sell to Open 5 RBLX 4\/16\/21 $74.00 C @ $2.00 (+$1000)<\/strong><\/p>\n 4\/16\/21 \u2013 Expired 5 RBLX 4\/16\/21 $74.00 C <\/strong><\/p>\n Peloton<\/strong><\/p>\n Another 10 contract PTON trade as I try to recover from the stock trading below where I bought.<\/p>\n 4\/12\/21 \u2013 Sell to Open 10 PTON 4\/16\/21 $125.00 C @ $1.10 (+$1100)<\/strong><\/p>\n 4\/16\/21 \u2013 Expired 10 PTON 4\/16\/21 $125.00 C <\/strong><\/p>\n Tesla<\/strong><\/p>\n This is the trade of the week. I bought 200 shares on 3\/1 and have been selling Calls every week bringing in a premium of $3000 or $4000. This week was a $3000 premium and an assignment. In addition to the premium I made $5200 on the stock sale for a total of $8200.<\/p>\n Assigned Covered Call<\/span><\/p>\n 3\/1\/21 \u2013 Buy 200 Shares TSLA @ $704.00<\/strong><\/p>\n 4\/16\/21 \u2013 Assigned 200 Shares TSLA @ $730.00 <\/strong><\/p>\n 4\/13\/12 \u2013 Sell to Open 2 TSLA 4\/16\/21 $730.00 C @ $15.00 (+$3000)<\/strong><\/p>\n 4\/16\/21 \u2013 Expired 2 TSLA 4\/16\/21 $730.00 C <\/strong><\/p>\n Penn Gaming<\/strong><\/p>\n Another Call sold on PENN without assignment.<\/p>\n 4\/13\/21 \u2013 Sell to Open 10 PENN 4\/16\/21 $109.00 C @ 50\u00a2 (+$500)<\/strong><\/p>\n 4\/16\/21 \u2013 Expired 10 PENN 4\/16\/21 $109.00 C <\/strong><\/p>\n Square<\/strong><\/p>\n I threw this trade in on Thursday. I felt I’d be assigned but the stock sold off. I hope to sell another Call tomorrow and get assigned at the end of the week.<\/p>\n 4\/15\/21 \u2013 Sell to Open 3 SQ 4\/16\/21 $267.50 C @ $3.50 (+$1050)<\/strong><\/p>\n 4\/16\/21 \u2013 Expired 3 SQ 4\/16\/21$267.50 C<\/strong><\/p>\n NIO<\/strong><\/p>\n This was a Grasshopper trade I made a month ago. The stock is way down so I’ll try for another 1 month Call this week.<\/p>\n 3\/16\/21 \u2013 Sell to Open 1 NIO 4\/16\/21 $65.00 C @ 60\u00a2 (+$60)<\/strong><\/p>\n 4\/16\/21 \u2013 Expired 1 NIO 4\/16\/21 $65.00 C <\/strong><\/p>\n SLV<\/strong><\/p>\n Grasshopper trade. Same as the SLV trade above.<\/p>\n 3\/22\/21 \u2013 Sell to Open 1 SLV 4\/16\/21 $25.00 C @ 25\u00a2 (+$25)<\/strong><\/p>\n 4\/16\/21 \u2013 Expired 1 SLV 4\/16\/21 $25.00 C <\/strong><\/p>\n MOMO<\/strong><\/p>\n Grasshopper trade without assignment.<\/p>\n 3\/30\/21 \u2013 Sell to Open 4 MOMO 4\/16\/21 $15.50 C @35\u00a2 (+$140)<\/strong><\/p>\n 4\/16\/21 \u2013 Expired 4 MOMO 4\/16\/21 $15.50 C <\/strong><\/p>\n U.S. Steel<\/p>\n Another Grasshopper Trade without assignment. I’ll get another Call sold this week.<\/p>\n 4\/14\/21 \u2013 Sell to Open 1 X 4\/16\/21 $23.50 C @ 50\u00a2 (+$50)<\/strong><\/p>\n 4\/16\/21 \u2013 Expired 1 X 4\/16\/21 $23.50 C <\/strong><\/p>\n This week was a combination of large trades, Grasshopper Trades and a few assignments which gave me a very nice week.<\/p>\n <\/p>\n I would like to welcome the new readers. If you have any questions send me an email.<\/p>\n <\/p>\n Enjoy the rest of the weekend!<\/p>\n <\/p>\n Successful trading,<\/p>\n Steve<\/p>\n The Options Coach<\/em><\/p>\n","protected":false},"excerpt":{"rendered":" I’m still in Ft Lauderdale, and it’s another beautiful day. Every day was perfect! Sorry I didn’t get this report done yesterday, but better late than never. I continue to bring in great premiums as I wait for some of my stock holdings to recover. Once everything recovers my account will be looking better then […]<\/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-11162","page","type-page","status-publish","hentry"],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/P75MP0-2U2","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/11162","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=11162"}],"version-history":[{"count":2,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/11162\/revisions"}],"predecessor-version":[{"id":11164,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/11162\/revisions\/11164"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11162"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Profit +$125<\/strong><\/span><\/h4>\n
\n\u00a0Profit+$1250<\/strong><\/span><\/h4>\n
\nProfit +$600<\/strong><\/span><\/h4>\n
\nProfit +$400<\/strong><\/span><\/h4>\n
\nProfit +$550<\/strong><\/span><\/h4>\n
Profit +$1000<\/strong><\/span><\/h4>\n
\n\u00a0Profit +1100<\/strong><\/span><\/h4>\n
\n\u00a0Profit +$5200<\/strong><\/span><\/h4>\n
Profit +$3000<\/strong><\/span><\/h4>\n
\nProfit +$500<\/strong><\/span><\/h4>\n
\nProfit +$1050<\/strong><\/span><\/h4>\n
\nProfit +$60<\/strong><\/span><\/h4>\n
\nProfit +$25<\/strong><\/span><\/h4>\n
\nProfit +$140<\/strong><\/span><\/h4>\n
\n\u00a0Profit +$50<\/strong><\/span><\/h4>\n
\nTotal Weekly Gain +$15,050<\/strong><\/h2>\n
\n