I had a watch and see week. I only made 1 trade, and that wasn’t until Friday.<\/p>\n
I’m carrying 200 shares of Tesla which is down from my buy-in price. I didn’t want to sell a Call against these shares because this stock can easily move 50 or 60 dollars in a day and I wouldn’t want to get assigned. However, on Friday I did sell a Call.<\/p>\n
After the open on Friday I could pretty much see how the stock was going to move for the day. I felt it wasn’t going to make a big move. About 3 hours into the day, with the stock at $925, I sold two contracts of the $930 Calls. I received a premium of $4.50 for $900 on the 200 shares. The stock did go up to $935 but backed off before the close. The stock closed at $923 and I was not assigned.<\/p>\n
This was my only trade of the week and I grabbed $900. Not a bad week’s pay for one Day Trade. My account went up a lot more than this because some of my positions moved higher. With my account way down from last year I’m being very careful.<\/p>\n
<\/p>\n
2\/4\/22 \u2013 Sell to Open 2 TSLA 2\/4\/22 $930.00 C @ $4.50 (+$900)<\/strong><\/p>\n 2\/4\/22 \u2013 Expired 2 TSLA 2\/4\/22 $930.00 C <\/strong><\/p>\n Even though I only locked in an additional $900 it was still a good week. My account went up nicely.<\/p>\n Another position I want to talk about is my Paper Trade with AT&T. If you remember I bought 1000 shares to capture the dividend. I also sold a Call against these shares. The dividend was paid on Monday, Feb 1st. I’ll write about how this Paper Trade is working out before the open.<\/p>\n I’m sorry for this late report, another busy weekend.<\/p>\n I think this market will be choppy for a while but let’s hope we can have another nice week.<\/p>\n <\/p>\n Successful trading,<\/p>\n Steve<\/p>\n The Options Coach<\/em><\/p>\n","protected":false},"excerpt":{"rendered":" I had a watch and see week. I only made 1 trade, and that wasn’t until Friday. I’m carrying 200 shares of Tesla which is down from my buy-in price. I didn’t want to sell a Call against these shares because this stock can easily move 50 or 60 dollars in a day and 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-13151","page","type-page","status-publish","hentry"],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/P75MP0-3q7","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/13151","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=13151"}],"version-history":[{"count":2,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/13151\/revisions"}],"predecessor-version":[{"id":13155,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/13151\/revisions\/13155"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=13151"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Profit +$900<\/strong><\/span><\/h4>\n
\nTotal Weekly Gain +$900<\/strong><\/h2>\n
\n