This week was another week of experimenting with Day Trades along with my normal Swing Trades. I’m very happy with my week’s results but most of the success came with my Weekly option’s trades. All of which were Master Trades. I didn’t have any Grasshopper Trades expiring .<\/p>\n
I made a bunch of Day Trades and my results were not as good as past weeks. After calculating all my Day Trades I ended up -$1500. I’m still in the learning phase and I think I’ll be up and down for a while. Day Trading is a little more stressful because I sit at my computer with my finger on the trigger. Once I’m in a trade I set my Stops but sometimes I have to sit and wait to get into the trade. I’m still not sure how much I like the ups and downs, or how many I’ll make a day when I finalize a strategy, but I feel educating myself in something different is a good thing.<\/p>\n
I had a good week of Master Trades, I brought in some nice money. However, I did have some Opportunity Lost situations.<\/p>\n
Take a look at the NVDA option I sold. I made a profit of $2500. Great! But the next few days the stock went up over $20. You cannot worry about this. You’re never gonna get out of a position at the peak. But if I waited another day to sell I would have doubled my profit. I’m just bringing up a point. The bottom line is I’d do it this way again. If you get out making a profit you’ll never lose money!<\/p>\n
With AMD and TSLA, these are more of an Opportunity Lost the way we know it. With AMD I sold the $115 Call and the stock went to $122. I was assigned at $115. With TSLA I sold the $1000 Call and the stock went above that by $100. I made nice money but the Opportunity Lost was $10,000.<\/p>\n
As you know I don’t worry about Opportunity Lost. For me it’s very important to have this philosophy. As you learn to trade You’ll come up with your own philosophy according to your bank role and risk tolerance. If I make money I’m happy! I take the money and move on. If I made money I didn’t lose money! PERIOD!<\/p>\n
Take a look at the rest of my trade that gave me another very nice week.<\/p>\n
<\/p>\n
This Week’s Day Trades<\/p>\n
I bought a 1 contract Call. With the 4:1 split I ended up with 4 contracts. I sold 2 of the contracts earlier and this week I sold the remaining 2 contracts.<\/p>\n
Post 4:1 Split \u201cSell to Close\u201d<\/span><\/p>\n 7\/7\/21 \u2013 Buy to Open 1 NVDA 1\/20\/23 $820.00 C @ $164.00 \u00a0($41.00 post split)<\/strong><\/p>\n 10\/25\/21 \u2013 Sell to Close 2 NVDA 1\/20\/23 $205 C @ $53.50 <\/strong><\/p>\n Assigned Covered Call<\/span><\/p>\n 8\/5\/21 \u2013 Buy 300 Shares AMD @ $114.80<\/strong><\/p>\n 10\/29\/21 \u2013 Assigned 300 Shares AMD @ $115.00 <\/strong><\/p>\n 10\/12\/21 \u2013 Sell to Open 3 AMD 10\/29\/21 $115.00 C @ $1.15 (+$345)<\/strong><\/p>\n 10\/29\/21 \u2013 Expired 3 AMD 10\/29\/21 $115.00 C <\/strong><\/p>\n 10\/25\/21 \u2013 Sell to Open 5 10\/29\/21 $260.00 C @ $4.00 (+$2000)<\/strong><\/p>\n 10\/29\/21 \u2013 Expired 5 SQ 10\/29\/21 $260.00 C <\/strong><\/p>\n Assigned Covered Call<\/span><\/p>\n 10\/25\/21 \u2013 Buy 100 Shares TSLA @ $994.77<\/strong><\/p>\n 10\/29\/21 \u2013 Assigned 100 Shares TSLA @ $1000 <\/strong><\/p>\n Profit\u00a0+$523<\/strong><\/p>\n 10\/25\/21 \u2013 Sell to Open 1 TSLA 10\/29\/21 $1000 C @ $14.50 (+$1450)<\/strong><\/p>\n 10\/29\/21 \u2013 Expired 1 TLSA 10\/29\/21 $1000 C <\/strong><\/p>\n 10\/25\/21 \u2013 Sell to Open 10 PTLR 10\/29\/21 $26.00 C @ 35\u00a2 (+$350)<\/strong><\/p>\n 10\/29\/21 \u2013 Expired 10 PLTR 10\/29\/21 $26.00 C <\/strong><\/p>\n 10\/26\/21 \u2013 Sell to Open 5 SQ 10\/29\/21 $265.00 @ $4.00 (+2000)<\/strong><\/p>\n 10\/29\/21 \u2013 Expired 5 SQ 10\/29\/21 $265.00 C <\/strong><\/p>\n This is the 2nd leg of my BBIG Triple Play Hedge. The 1st leg expired last week but I forgot to add it to the weekly results. The 1st leg I locked in a premium of $400. This week with the 2nd leg I locked in $450. The 3rd leg expires next week which has a premium of $500. When all is said and done my total profit from premiums will be $1450. Not bad for a low priced stock. This will be another successful Triple Play Hedge.<\/p>\n 10\/14\/21 \u2013 Sell to Open 10 BBIG 10\/29\/21 $9.00 C @ 45\u00a2 (+$450)<\/strong><\/p>\n 10\/29\/21 \u2013 Expired 10 BBIG 10\/29\/21 $9.00 C <\/strong><\/p>\n I cannot complain about these results, especially when taking a $1500 loss with Day Trading.<\/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":" This week was another week of experimenting with Day Trades along with my normal Swing Trades. I’m very happy with my week’s results but most of the success came with my Weekly option’s trades. All of which were Master Trades. I didn’t have any Grasshopper Trades expiring . I made a bunch of Day 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-12500","page","type-page","status-publish","hentry"],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/P75MP0-3fC","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/12500","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=12500"}],"version-history":[{"count":2,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/12500\/revisions"}],"predecessor-version":[{"id":12502,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/12500\/revisions\/12502"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12500"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Profit +$2500<\/strong><\/span><\/h4>\n
\n\u00a0Profit +$60<\/strong><\/span><\/h4>\n
Profit +$345<\/strong><\/span><\/h4>\n
\nProfit +$2000<\/strong><\/span><\/h4>\n
\nProfit +$1450<\/strong><\/span><\/h4>\n
\nProfit +$350<\/strong><\/span><\/h4>\n
\nProfit +$2000<\/strong><\/span><\/h4>\n
\n\u00a0Profit +$450<\/strong><\/span><\/h4>\n
\nTotal Weekly Gain $8178<\/strong><\/h2>\n
\n