We’re 2 weeks into the new year and the volatility continues. The NASDAQ also continues to slide. Right now I like where I am. I’m still having trouble getting assigned but I like all the stock I’m in. I did get assigned on one stock this week, 500 shares of Boeing (BA). I was assigned at $217.50 so this gives me a little money to play with this shortened week.<\/p>\n
The other positions I’m holding that are lower than where I bought in I continue to sell Calls. With the stocks down a little I don’t get the premium I want but I’m still able to bring in money. I’m very happy with the money I locked in this week.<\/p>\n
I’m working hard not to get sucked in to more of the garbage I held last year. This year I’m trying to work with the big name stocks. I feel that the bigger name bounce back better.<\/p>\n
Take a look at my trades of this week.<\/p>\n
<\/p>\n
This Paypal position was part of a Covered Call. The Strike Price was $190. The stock shot up to well over $192. When it was up I had a strong feeling it would be coming back down. I went with my feeling and sold the stock hoping when the stock came down I would buy the stock at a lower price to cover the Call again. The Call was Naked after I sold the shares. It worked out well. I grabbed a $1375 profit and the stock did go down. I bought the shares again at $187.50. I did not get assigned so I still own 500 shares at $187.50. If I never made this move I would not have locked in the $1375 and I would still be holding the original shares at $189.50. By the way, I do not recommend anyone making this move. If the stock didn’t come down after I sold the shares I would have had trouble with my Naked Call.<\/p>\n
1\/4\/22 \u2013 Buy 500 Shares PYPL @ $189.50<\/strong><\/p>\n 1\/11\/22 \u2013 Sell 500 Shares PYPL @ $192.25 <\/strong><\/p>\n 1\/11\/22 \u2013 Buy to Open 1 NVDA 3\/18\/22 $270.00 C @ 25.75<\/strong><\/p>\n 1\/12\/22 \u2013 Sell to Close 1 NVDA 3\/18\/22 $270.00 C @ 30.75 <\/strong><\/p>\n This was a Day Trade with GM. I sold the Naked 5 contract Call \u00a0with the feeling the stock was moving down. The stock did move down and I did a “Buy to Close” to end the position with a $205 profit.<\/p>\n Day Trade<\/span><\/p>\n 1\/12\/22 \u2013 Sell to Open 5 GM 1\/14\/22 $60,00 C @ 81\u00a2 (+$405)<\/strong><\/p>\n 1\/12\/22 \u2013 Buy to Close 5 GM 1\/14\/22 $60.00 C @ 40\u00a2 (-$200) <\/strong><\/p>\n 1\/11\/22 \u2013 Sell to Open 5 PYPL 1\/14\/22 $190.00 C @ $2.00 (+$1000)<\/strong><\/p>\n 1\/14\/22 \u2013 Expired 5 PYPL 1\/14\/22 $190.00 C <\/strong><\/p>\n This was my lone position that was assigned.<\/p>\n Assigned Covered Call<\/span><\/p>\n 1\/5\/22 \u2013 Buy 500 Shares BA @ $217.25<\/strong><\/p>\n 1\/14\/22 \u2013 Assigned 500 Shares BA @ $217.50 <\/strong><\/p>\n 1\/11\/22 \u2013 Sell to Open 5 BA 1\/14\/22 $217.50 C @ $1.40 (+$700)<\/strong><\/p>\n 1\/14\/22 \u2013 Expired 5 BA 1\/14\/22 $217.50 C <\/strong><\/p>\n 1\/11\/22 \u2013 Sell to Open 10 MRVL 1\/14\/22 $88.00 C @ 50\u00a2 (+$500)<\/strong><\/p>\n 1\/14\/22 \u2013 Expired 10 MRVL 1\/14\/22 $88.00 C <\/strong><\/p>\n 1\/11\/22 \u2013 Sell to Open 2 QQQ 1\/14\/22 $390.00 C @ $1.00 (+$200)<\/strong><\/p>\n 1\/14\/22 \u2013 Expired 2 QQQ 1\/14\/22 $390.00 C <\/strong><\/p>\n 1\/12\/22 \u2013 Sell \u00a0to Open 2 TSLA 1\/14\/22 $1175.00 C @ $2.00 (+$400)<\/strong><\/p>\n 1\/14\/22 \u2013 Expired 2 TSLA 1\/14\/22 $1175.00 C <\/strong><\/p>\n 1\/12\/22 \u2013 Sell to Open 10 NVDA 1\/14\/22 $300.00 C @ 50\u00a2 (+$500)<\/strong><\/p>\n 1\/14\/22 \u2013 Expired 10 NVDA 1\/14\/22 $300.00 <\/strong><\/p>\n I feel the NASDAQ will be volatile but will move up. I have 200 shares of the Q’s (QQQ) and 400 shares of TQQQ. They both move with the NASDAQ. TQQQ is much cheaper than QQQ. QQQ is more money but a much safer position to be in. I bought 200 shares of TQQQ and the EFT split giving me $400 shares. TQQQ is a leveraged EFT and it’s not for most traders. TQQQ is a Day Trading tool and it’s even recommended that it’s not held overnight. QQQ is much safer because it’s not leveraged. Being leveraged means when the NASDAQ moves up TQQQ will move up a better percentage, but if the NASDAQ moves down TQQQ will move down much more.<\/p>\n 1\/12\/22 \u2013 Sell to Open 2 TQQQ 1\/14\/22 $155.00 C @ $2.65 (+$530)<\/strong><\/p>\n 1\/14\/22 \u2013 Expired 2 TQQQ 1\/14\/22 $155.00 C<\/strong><\/p>\n I hope everyone is enjoying the 3 day weekend. Back to work tomorrow.<\/p>\n Any questions send an email.<\/p>\n <\/p>\n Successful trading,<\/p>\n Steve<\/p>\n The Options Coach<\/em><\/p>\n","protected":false},"excerpt":{"rendered":" We’re 2 weeks into the new year and the volatility continues. The NASDAQ also continues to slide. Right now I like where I am. I’m still having trouble getting assigned but I like all the stock I’m in. I did get assigned on one stock this week, 500 shares of Boeing (BA). I was assigned […]<\/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-13106","page","type-page","status-publish","hentry"],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/P75MP0-3po","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/13106","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=13106"}],"version-history":[{"count":1,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/13106\/revisions"}],"predecessor-version":[{"id":13107,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/13106\/revisions\/13107"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=13106"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Profit +$1375<\/strong><\/span><\/h4>\n
\nProfit +$500<\/strong><\/span><\/h4>\n
\nProfit +$205<\/strong><\/span><\/h4>\n
\nProfit +$1000<\/strong><\/span><\/h4>\n
\nProfit +$125<\/strong><\/span><\/h4>\n
Profit +$700<\/strong><\/span><\/h4>\n
\nProfit +$500<\/strong><\/span><\/h4>\n
\nProfit +$200<\/strong><\/span><\/h4>\n
\nProfit +$400<\/strong><\/span><\/h4>\n
\n\u00a0Profit +$500<\/strong><\/span><\/h4>\n
\n\u00a0Profit +$530\u00a0<\/strong><\/span><\/h4>\n
\nTotal Weekly Gain +$6035<\/h2>\n
\n