Before the election I bought another 100 shares of Palantir (PLTR). The first 100 shares I bought on Oct 30th and sold a Call. I already reported entering that trade. This position I still hold.\u00a0The new 100 shares I bought on Nov 4th with the stock at $46 and today I sold a Call. I sold 1 PLTR 11\/8\/24 $55 Call for a premium of 50\u00a2 for a premium of $50. I held the stock a few days without selling a Call because I felt strongly about the stock moving up from the election results. Today with the stock down I decided to get a Call sold. It’s not a huge premium but it is a little over 1% for a 1 day trade.<\/p>\n
11\/4\/24 \u2013 Buy 100 Shares PLTR @ $46.00\u00a0<\/strong><\/p>\n 11\/7\/24 \u2013 Sell to Open 1 PLTR 11\/8\/24 $55.00 C @ 50\u00a2 (+$50)<\/strong><\/p>\n Remember, It’s all about the percentage return not the amount of the return. If I get assigned I’ll make $900 on the stock sale.<\/p>\n Below are 3 long Call options I owned and closed. The first is with Nvidia (NVDA).<\/p>\n Nvidia<\/strong><\/span><\/p>\n 6\/13\/24 (128.53) Buy to Open 1 NVDA 1\/17\/25 $129.00 C @ $20.50\u00a0<\/strong><\/p>\n 11\/6\/24 \u2013 Sell to Close 1 NVDA 1\/17\/25 $129.00 C @ $22.50 Closed\u00a0<\/strong><\/p>\n I have been in this position since June and Expiration isn’t until January . The stock stopped moving and I was worried about Time Decay. I decided to take the $200 profit and make the money available. This is a \u00a09.7% return in 5 months.<\/p>\n QQQ<\/strong><\/span><\/p>\n 6\/18\/24 \u2013 Buy to Open 1 QQQ 1\/17\/25 $480.00 C @ $37.50<\/strong><\/p>\n 11\/7\/24 \u2013 Sell to Close 1 QQQ 1\/17\/25 $480.00 C @ $41.50 Closed<\/strong><\/p>\n This position with the Q’s I have also been in since June. I got out for the same reason. QQQ made a nice move from the election. This trade gave me a\u00a010.6% return.<\/p>\n META<\/strong><\/p>\n 11\/1\/24 \u2013 Buy to Open 1 META 12\/20\/24 $570.00 C @ $27.45<\/strong><\/p>\n 11\/7\/24 \u2013 Sell to Close 1 META 12\/20\/24 $570.00 C @ $33.45 Closed<\/strong><\/p>\n This position I just entered because the stock pulled back and I felt it would move with the election. I held it for 6 days for a 21.8% return.<\/p>\n With the 3 positions I exited I locked in $1200 and freed up some cash in case the market takes a small dip after the big run-up from the election results.<\/p>\n <\/p>\n Send me an email with any questions.<\/p>\n <\/p>\n Successful trading,<\/p>\n Steve<\/p>\n The Options Coach<\/em><\/p>\n","protected":false},"excerpt":{"rendered":" Before the election I bought another 100 shares of Palantir (PLTR). The first 100 shares I bought on Oct 30th and sold a Call. I already reported entering that trade. This position I still hold.\u00a0The new 100 shares I bought on Nov 4th with the stock at $46 and today I sold a Call. 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-14560","page","type-page","status-publish","hentry"],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/P75MP0-3MQ","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/14560","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=14560"}],"version-history":[{"count":1,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/14560\/revisions"}],"predecessor-version":[{"id":14561,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/14560\/revisions\/14561"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=14560"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Profit +$200<\/strong><\/span><\/h4>\n
Profit +$400<\/strong><\/span><\/h4>\n
Profit +$600<\/strong><\/span><\/h4>\n