I bought 200 Shares of Harley Davidson (HOG) on 5\/17\/21 for $51.10. I bought these shares as a Grasshopper Trade to do a Covered Call. The trade was based on a report by the Najarian Brothers from CNBC. It was on their “unusual activity” list. They felt the stock was gonna move up for a few weeks. I did not completely believe in the trade so I did a Grasshopper Trade of 200 shares and not a Master Trade of many more shares. Also, I bought the shares at $51.10 and sold an In-the-Money Call with the Strike Price of $51. I made the trade to get assigned and move on.<\/p>\n
If you look at the candle stick chart you will see May 17th is where the stock hit it’s high and it’s been moving down ever since. Needless to say I was not assigned and I’m still holding the stock at a much lower price.<\/p>\n
This is a great lesson! The lesson is, don’t listen to the Najarian Brothers, or any other guru. You must do your own homework.<\/p>\n
I’m at the point I just want out. However, the stock is on the move today. With the stock up 2% today\u00a0I decided to sell a Call instead of just selling for a loss. With the stock at $40.35 I sold 2 HOG 9\/3\/21 $41.50 Calls for a premium of 45\u00a2 for $90. This premium is a return of a little less than 1%. And if I get assigned I’ll take a big loss on the stock sale. Either way I’m ready to move on. Sometimes it feels good to dump some old positions. If I don’t get assigned I continue to try to sell Calls.<\/p>\n
<\/p>\n
Sell to Open 2 HOG 9\/3\/21 $41.50 C @ 45\u00a2 (+$90)<\/strong><\/p>\n <\/p>\n <\/p>\n Successful trading,<\/p>\n Steve<\/p>\n The Options Coach<\/em><\/p>\n","protected":false},"excerpt":{"rendered":" I bought 200 Shares of Harley Davidson (HOG) on 5\/17\/21 for $51.10. I bought these shares as a Grasshopper Trade to do a Covered Call. The trade was based on a report by the Najarian Brothers from CNBC. It was on their “unusual activity” list. They felt the stock was gonna move up for a […]<\/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-12140","page","type-page","status-publish","hentry"],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/P75MP0-39O","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/12140","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=12140"}],"version-history":[{"count":1,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/12140\/revisions"}],"predecessor-version":[{"id":12142,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/12140\/revisions\/12142"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12140"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}