The craziness continues! The volatility is off the charts! As you know I haven’t posted my trades. I’ve been Day Trading and things are moving so fast it’s tough getting in and out of positions never mind writing about them. I’ve made so many stock trades this week I’m glad trading is basically free. I do not recommend anyone get involved in Day Trading at this time, I’m just letting you know what I’m doing. Plus you must be approved for Day Trading and have an account that satisfies your broker.<\/p>\n
I had a pretty good week considering the early week nosedive. I brought in some good money with my Day Trading and Friday had a great finish into the close. Most of my Day Trading was with Tesla and Nvidia. When I look at my account I made at least 50 or 60 trades with them. This is not what I want to do, I’m just letting you know what I’m doing to keep my account above water. It’s been ugly!<\/p>\n
I hope someday soon the market will be back to normal movement, but with the world the way it is I’m not optimistic. Until then I’ll try to keep you informed on what I’m doing.<\/p>\n
Below are a few trades I made this week. These are trades that moved slow enough for me to log. The rest of my trade I couldn’t list if I wanted. There were too many and they moved too fast. Plus, this is a learning site, I don’t think there’s much to learn with most of this week’s trades. The few below are trades I would normally make.<\/p>\n
The 3 trades listed are all selling Calls. My intention was to keep them all until expiration. With Tesla and Paypal I decided to do a “Buy to Close” and lock in profit because it looked like the stocks might move up. By getting out of the trades I got out of the obligation of delivering the stock, and if they did move up I would benefit with the stock gain.<\/p>\n
With Nvidia I held until expiration. I had a $230 Strike Price. With the late move on Friday the stock closed at $228 so I didn’t have to deliver the stock. However, in the after market the stock continued up to $231 but I didn’t get assigned. This trade worked out nicely. With Tesla’s monumental drop it would have been better for me to not have done the “Buy to Close.” I made $400 but if I kept the Call I would have kept the entire premium of $5000.<\/p>\n
Paypal moved up to $163 so if I didn’t do the “Buy to Close” I would have been assigned. I like the way this worked out.<\/p>\n
<\/p>\n
Day Trade<\/span><\/p>\n 1\/24\/22 \u2013 Sell to Open 2 TSLA 1\/28\/22 $950.00 C @ $25.00\u00a0<\/strong><\/p>\n 1\/24\/22 \u2013 Buy to Close 2 TSLA 1\/28\/22 $950.00 C @ $23.00 <\/strong><\/p>\n Day Trade<\/span><\/p>\n 1\/24\/22 \u2013 Sell to Open 2 PYPL 1\/28\/22 $160.00 C @ $3.60<\/strong><\/p>\n 1\/24\/22 \u2013 Buy to Close 2 PYPL 1\/28\/22 $160.00 C @ $2.90 <\/strong><\/p>\n 1\/24\/22 \u2013 Sell to Open 2 NVDA 1\/28\/22 $230.00 C @ $5.00 (+$1000)<\/strong><\/p>\n 1\/28\/22 \u2013 Expired 2 NVDA 1\/28\/22 $230.00 C <\/strong><\/p>\n This is not an accurate weekly gain. I brought in a lot more with my Day Trading. However, my account moved down with the early week bloodbath. I normally like volatility but this is over the top! Hopefully things will calm down soon.<\/p>\n Enjoy the weekend and the football games. We have some good ones today.<\/p>\n <\/p>\n Successful trading,<\/p>\n Steve<\/p>\n The Options Coach<\/em><\/p>\n","protected":false},"excerpt":{"rendered":" The craziness continues! The volatility is off the charts! As you know I haven’t posted my trades. I’ve been Day Trading and things are moving so fast it’s tough getting in and out of positions never mind writing about them. I’ve made so many stock trades this week I’m glad trading is basically free. I […]<\/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-13121","page","type-page","status-publish","hentry"],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/P75MP0-3pD","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/13121","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=13121"}],"version-history":[{"count":1,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/13121\/revisions"}],"predecessor-version":[{"id":13122,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/13121\/revisions\/13122"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=13121"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Profit +$400<\/strong><\/span><\/h4>\n
\nProfit +$140<\/strong><\/span><\/h4>\n
\nProfit +$1000<\/strong><\/span><\/h4>\n
\nTotal Weekly Gain +$1540<\/strong><\/h2>\n
\n