Friday’s trading session started off bad and got worse as the day went on. When all was said and done the Dow ended the day down over 530 points.<\/p>\n
I made a lot of trades again this week. My Grasshopper Trades have been high in numbers, I hope they’re helping. I had 10 Grasshopper Trades expire on Friday with only 1 assignment. My total trades expiring was 21 with 2 assignments, 1 Grasshopper and 1 Master Trade. At Thursday’s close I was set to have many assignments, but Friday’s trading session threw a monkey wrench into that situation with many stocks dropping below their Strike Prices.<\/p>\n
I’m holding a lot of stock that are below the purchase price, but luckily they’re not too far below so with a good day on Monday I’ll be very busy selling Calls against the shares.<\/p>\n
Let’s take a look at the Grasshopper Trades of this week.<\/p>\n
<\/p>\n
MOMO<\/strong><\/p>\n I bought MOMO back on 3\/25 for $15.25. I’ve been selling Calls but the stock dropped a bit so this Call was a 1 month option. I only received a 2.3% premium for the month but the stock did bounce up a bit so I should get a Call sold on Monday.<\/p>\n 5\/18\/21 – Sell to Open 4 MOMO 6\/18\/21 $16.00 C @ 35\u00a2 (+$140)<\/strong><\/p>\n 6\/18\/21 – Expired 4 MOMO 6\/18\/21 $16.00 C\u00a0<\/strong><\/p>\n SLV<\/strong><\/p>\n SLV is another not working the way I want. This was about a 3 week trade and was a 2.26% return. This has been a bit of a thorn in my side. I also own 500 shares as a Master Trade.<\/p>\n 5\/26\/21 – Sell to Open 1 SLV 6\/18\/21 $26.50 C @ 60\u00a2 (+$60)<\/strong><\/p>\n 6\/18\/21 – Expired 1 SLV 6\/18\/21 $26.50 C <\/strong><\/p>\n U.S. Steel<\/strong><\/p>\n This is a U.S. Steel Trade where I paid a little too much for the stock, $28. This was a 10 day trade and my return was 2.1%. I’m happy with that.<\/p>\n 6\/8\/21 \u2013 Sell 2 X 6\/18\/21 $28.00 C @ 60\u00a2 (+$120)<\/strong><\/p>\n 6\/18\/21 – Expired 2 X 6\/18\/21 $28.00 C\u00a0<\/strong><\/p>\n NIO<\/strong><\/p>\n This was a NIO where I bought the 300 shares at different times. Not sure what the average price is. I’ll take the $150!<\/p>\n 6\/8\/21 \u2013 Sell to Open 3 NIO 6\/18\/21 $49.00 C @ 50\u00a2 (+$150)<\/strong><\/p>\n 6\/18\/21 – Expired 23 NIO 6\/18\/21 $49.00 C\u00a0<\/strong><\/p>\n Workhorse<\/strong><\/p>\n I bought these shares at $15.60 on Tuesday and sold an In-the-Money Covered Call with a Strike Price of $15. Set stock closed a little lower than $15 so I was not assigned so I got a great premium and I keep the stock. The premium was 9%. This turned out to be a nice trade. Hopefully I get another Call sold on Monday.<\/p>\n 6\/14\/21 \u2013 Sell to Open 2 WKHS 6\/18\/21 $15.00 C @ $1.40 (+$280)<\/strong><\/p>\n 6\/18\/21 – Expired 2 WKHS 6\/19\/21 $15.00 C<\/strong><\/p>\n 3 D Systems<\/strong><\/p>\n I was hoping for an assignment here but it didn’t happen with the bad day on Friday. But I did get a 4.2% premium for the 4 day Trade.<\/p>\n 6\/14\/21 – Sell to Open 2 DDD 6\/18\/21 $29.50 C @ $1.25 (+$250)<\/strong><\/p>\n 6\/18\/21 – Expired 2 DDD 6\/18\/21 $29.50 C\u00a0<\/strong><\/p>\n \u00a0ContextLogic<\/strong><\/p>\n This was an In-the-Money Covered Call with ContextLogic (WISH). I bought the stock at $11.46 and sold the $11 Call. I received a great premium of 13% but I gave back 46\u00a2 on the assignment. My total return was 9% and this deal is over. This was a great In-the-Money play.<\/p>\n In-the-Money Covered Call<\/span><\/p>\n 6\/14\/21 – Buy 200 Shares WISH @ $11.46<\/strong><\/p>\n 6\/18\/21 – Assigned 200 Shares WISH @ $11.00\u00a0<\/strong><\/p>\n 6\/14\/21 – Sell to Open 2 WISH 6\/18\/21 $11.00 C @ $1.50 (+$300)<\/strong><\/p>\n 6\/18\/21 – Expired 2 WISH 6\/18\/21 $11.00 C<\/strong><\/p>\n Palantir<\/strong><\/p>\n I bought the stock at $25 and sold the $25.50 Call. I missed getting assigned by a few cents with the bad day on Friday. This was a 2.2% return for the 3 day play.<\/p>\n 6\/15\/21 \u2013 Sell to Open 2 PLTR 6\/18\/21 $25.50 C @ 55\u00a2 (+$110)<\/strong><\/p>\n 6\/18\/21 – Expired 2 PLTR 6\/18\/21 $25.50 C\u00a0<\/strong><\/p>\n U.S. Steel<\/strong><\/p>\n Another X Covered Call without assignment. This was a 1.8% return.<\/p>\n 6\/15\/21 \u2013 Sell to Open 2 X 6\/18\/21 $27.50 C @ 50\u00a2 (+$100)<\/strong><\/p>\n 6\/18\/21 -Expired 2 X 6\/18\/21 $27.50 C\u00a0<\/strong><\/p>\n U.S. Steel<\/strong><\/p>\n This is the last of my Grasshopper Trades and the 3rd X Covered Call. The steel stocks did not do well this week and I was not assigned on any of my X trades. This was a return of 2.1%.<\/p>\n 6\/17\/21 \u2013 Sell to Open 2 X 6\/18\/21 $24.00 C @ 50\u00a2 (+$100)<\/strong><\/p>\n 6\/18\/21 – Expired 2 X 6\/18\/21 $24.00 C\u00a0<\/strong><\/p>\n I’m very happy with all the returns I got this week. The $1518 is a very nice Grasshopper week. For all of my trading this week I brought in a fantastic $11,418<\/strong>.<\/p>\n Without the bad market day on Friday I would have gotten assigned on more Covered Calls and this would have been a much better week. But, I’m very happy!<\/p>\n I would like to wish all our fathers a very happy Father’s Day. I’ll be spending it with my son and daughter, along with my 2 beautiful grandchildren.<\/p>\n <\/p>\n Successful trading,<\/p>\n Steve<\/p>\n The Options Coach<\/em><\/p>\n","protected":false},"excerpt":{"rendered":" Friday’s trading session started off bad and got worse as the day went on. When all was said and done the Dow ended the day down over 530 points. I made a lot of trades again this week. My Grasshopper Trades have been high in numbers, I hope they’re helping. I had 10 Grasshopper Trades […]<\/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-11725","page","type-page","status-publish","hentry"],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/P75MP0-337","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/11725","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=11725"}],"version-history":[{"count":3,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/11725\/revisions"}],"predecessor-version":[{"id":11728,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/11725\/revisions\/11728"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11725"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}\u00a0Profit +$140<\/strong><\/span><\/h4>\n
\nProfit +$60<\/strong><\/span><\/h4>\n
\n\u00a0Profit +$120<\/strong><\/span><\/h4>\n
\nProfit +$150<\/strong><\/span><\/h4>\n
\nProfit +$280<\/strong><\/span><\/h4>\n
\n\u00a0Profit +$250<\/strong><\/span><\/h4>\n
\n\u00a0Loss -92<\/strong><\/span><\/h4>\n
\u00a0Profit +$300<\/strong><\/span><\/h4>\n
\nProfit +$110<\/strong><\/span><\/h4>\n
\nProfit +$100<\/strong><\/span><\/h4>\n
\nProfit +$100<\/strong><\/span><\/h4>\n
\nTotal Weekly Gain +$1518<\/strong><\/h2>\n
\n