Since I returned home from Ft Lauderdale I haven’t stopped. I’m getting trades in on the run but finding time to report them has been difficult. Yesterday, in the middle of the day I went to the FDNY headquarters and received my 2nd dose of the Moderna vaccine. I feel good and ready to resume my traveling. I love getting away, and the good thing is I can trade from anywhere in the world.<\/p>\n
This was not a great week for the market and my 10K goal is going to be tough to hit. Yesterday I entered a bunch of trade orders with premiums much lower than I normally get. It was late in the week, and many of my positions are much lower than where I bought. Sometimes you have to get what you can.<\/p>\n
I bought 1000 shares of AMD on Wednesday but never reported. I bought the stock at $82.50 and placed an order to sell a 10 contract Call. Right after I bought the stock sold off and I was never filled. I like to report the trade as a Covered Call but it never happened. With the stock down I sold a Call yesterday but only go a premium of 25\u00a2<\/p>\n
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4\/21\/21 \u2013 Buy 1000 Shares AMD @ $82.50<\/strong><\/p>\n 4\/22\/21 \u2013 Sell to Open 10 AMD 4\/23\/21 $82.50 C @ 25\u00a2 (+$250)<\/strong><\/p>\n I bought Workhorse on 2\/25 at $15.85. This stock is also down. To get an ok premium I went out to 5\/21\/21 with my Strike Price. I’m happy with this premium. It’s 4.1%.<\/p>\n <\/p>\n 4\/22\/21 \u2013 Sell to Open 10 WKHS 5\/21\/21 $16.00 C @ 65\u00a2 (+$650)<\/strong><\/p>\n <\/p>\n The 2 Calls above get a Risk Factor 1<\/strong>.<\/p>\n With PTON, PLTR and PENN I sold Calls and listed them on my Active Trades list under Naked Calls. All 3 stocks are well below my buy-in price and I went with a Strike Price also lower than my buy-in price. I do not want to get assigned on these Calls. I just wanted to bring in some premium money. I listed them as Naked Call while owning the stock because if I’m going to get assigned I’ll buy more stock to deliver. I will not deliver the stock I bought at the higher price. I’m treating these option positions as Naked.<\/p>\n I know it’s still early in the day but I don’t think I’ll get assigned on any of them. The only one I feel can be close is Palantir. I sold the $23.50 Call and as I write the stock is at $23.23.<\/p>\n <\/p>\n <\/p>\n 4\/22\/21 – Sell to Open 20 PTON 4\/23\/21 $110.00 C @ 25\u00a2 (+$500)<\/strong><\/p>\n __________<\/p>\n 4\/22\/21 – Sell to Open 20 PLTR 4\/23\/21 $23.50 C @ 25\u00a2 (+$500)<\/strong><\/p>\n __________<\/p>\n 4\/22\/21 – Sell to Open 10 PENN 4\/23\/21 $98.00 C @ 25\u00a2 (+$250)<\/strong><\/p>\n <\/p>\n These 3 shares get a Risk Factor 3<\/strong> because I’m treating them as Naked Calls. But I do own the stock if needed.<\/p>\n It’s very difficult trying to take in money when your positions fall off the table. It’s all part of the game. You must learn to make trades taking in less money without getting hurt. You also must develop risk tolerance. Things don’t always go well, you must handle it. Part of doing this is not over-investing. If you invest everything and everything goes south, it can be very stressful. This is a slow and steady, steady and slow venture. Trying to get rich fast can lead to very stressful situations. This is a very strange market. All indexes are near all time highs but many stocks are well below their all time highs. Many are down 50% on the year.<\/p>\n Send me an email if you have any questions on my trades.<\/p>\n <\/p>\n Successful trading,<\/p>\n Steve<\/p>\n The Options Coach<\/em><\/p>\n","protected":false},"excerpt":{"rendered":" Since I returned home from Ft Lauderdale I haven’t stopped. I’m getting trades in on the run but finding time to report them has been difficult. Yesterday, in the middle of the day I went to the FDNY headquarters and received my 2nd dose of the Moderna vaccine. I feel good and ready to resume […]<\/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-11200","page","type-page","status-publish","hentry"],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/P75MP0-2UE","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/11200","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=11200"}],"version-history":[{"count":1,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/11200\/revisions"}],"predecessor-version":[{"id":11202,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/11200\/revisions\/11202"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11200"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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