As I mentioned in my post reporting my lone trade of the week, I will only be making Grasshopper trades and I will not be trading a lot. I do not have much money in my trading account, whether it evaporated or moved to more stable investments, it’s a Grasshopper account.<\/p>\n
This week to get us started again I made 1 trade. As reported, with Tesla at about $227 at the open on Tuesday it quickly shot up to $235 in the first 10 minutes of the day. With the stock up $8 I felt it would not hold that level. I sold 1 contract of the TSLA 11\/4\/22 $140 Call for a premium of $4.<\/p>\n
For new readers\/Grasshoppers a 1 contract Call is dealing with 100 shares of stock. Receiving a $4 premium gave me a total premium of $400 on the 1 contract (100 shares). You get $4 for every share of stock.<\/p>\n
As I predicted the stock did not hold its level, and didn’t hit my Strike Price of $240, so this option expired without me having to deliver the stock. I still own 100 shares of Tesla and I keep the $400 premium.<\/p>\n
11\/1\/22 – Sell to Open 1 TSLA 11\/4\/22 $240 C @ $4.00 (+$400)<\/strong><\/p>\n 11\/4\/22 – Expired 1 TSLA 11\/4\/22 $240 C\u00a0<\/strong><\/p>\n The $400 is my total profit for the week.<\/p>\n Monday I’ll make a decision on selling another Call against these shares. Tuesday is Election Day. I might just hold the stock this week to see if the market goes up after the elections. If the market goes up I can get my gain that way. However, if the market goes up as a result of the elections I feel it will be a temporary pop.<\/p>\n It’s doubtful if investors will reverse this market on the elections alone. I feel they will want to see some policy changes, or at least some curtailing of present policies before they are ready to jump in again. The Fed made a commitment to raising rates in December, and beyond, so investors will have to see some change in inflation before this market makes a big move up.<\/p>\n Let me know your thoughts. Send me an email.<\/p>\n <\/p>\n Successful trading,<\/p>\n Steve<\/p>\n The Options Coach<\/em><\/p>\n","protected":false},"excerpt":{"rendered":" As I mentioned in my post reporting my lone trade of the week, I will only be making Grasshopper trades and I will not be trading a lot. I do not have much money in my trading account, whether it evaporated or moved to more stable investments, it’s a Grasshopper account. This week to get […]<\/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-13467","page","type-page","status-publish","hentry"],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/P75MP0-3vd","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/13467","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=13467"}],"version-history":[{"count":1,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/13467\/revisions"}],"predecessor-version":[{"id":13468,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/13467\/revisions\/13468"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=13467"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Profit +$400<\/strong><\/h4>\n