Hi Main Street beats Wall Street readers, I want to apologize for dropping the ball on my posts and not doing a week ending report in a long time. My life is extremely busy but I’m gonna try to get back into my normal routine with the site.<\/p>\n
There are a few reasons why my life is so busy; I’ll mention a few here. I started a group called the Hercules Mulligan Society. I know you are saying who the heck is Hercules Mulligan? And that’s precisely why I started it! Mulligan was a spy for General George Washington in the Revolutionary War. George Washington said, “If it was not for Hercules Mulligan there would be no America.” The purpose for the organization is best explained with our mission statement:<\/p>\n
To promote and preserve traditions and philosophies of the Founding Fathers, the U.S. Constitution and the forgotten extraordinary events, dates and people paramount to American history.<\/p>\n
\u00a0I believe this country is forgetting about important people, dates and events and are no longer teaching our history in our schools. We at the Hercules Mulligan Society try to bring attention to this fact. Hercules Mulligan is our namesake but also fits into our mission statement. If you want to check us out you can look at our Facebook page.<\/p>\n
https:\/\/www.facebook.com\/profile.php?id=61561341475259<\/p>\n
I am also a Bible reader. I read a few hours a day. Now I started a Bible study which is done by email. I have 37 people on the list. If anyone wants to join this Bible study let me know. A lesson goes out every Tuesday and Friday and the reading takes about 10 minutes. The reading is only 10 minutes but the preparation of the study takes me a lot longer.<\/p>\n
These are a couple of items that keep my life busy. Now let’s get into the market.<\/p>\n
This week we voted in a new president. This landslide victory is proof that the people of this country are fed up with the direction the country is going. I would like to ask God to bless President Elect Trump and help him make this country and the world a better place.<\/p>\n
The first week of the market since the election was a good one. To be fair the last two years were not bad either! I truly feel the next four years of the market can be life changing. I think if you develop a good strategy, not be greedy, work within your risk tolerance and go Slow and Steady, Steady and Slow you can set yourself up with a nice future. I mentioned the last two years being good because the first two years of this presidency were bad. However, in the last two years my account went up $90,700. That’s not bad considering the economy and inflation we are suffering with. I’m gonna get busy with Main Street beats Walls Stree<\/strong>t and my normal trading habits and am very excited about where the next few years can go. So let’s roll up our sleeves and get to work. Let’s take a look at the week ending 11\/8\/24.<\/p>\n I closed a number of positions. I had one Covered Call position expire that was not assigned. I had two Covered Calls that were assigned, and I closed three long Call positions.<\/p>\n Block (SQ)<\/strong><\/span><\/p>\n I bought 200 shares of SQ in May. I have been selling Calls ever since. Below is the 12th Call and again I was not assigned. This position was a high premium because SQ was announcing their earnings this week. I own the stock at $71.20 and I sold the $75 Call for a premium of $3. with the 200 shares I received a $600 premium.<\/p>\n 11\/4\/24 \u2013 Sell to Open 2 SQ 11\/8\/24 $75.00 C @ $3.00 (+$600)<\/strong><\/p>\n 11\/8\/24 \u2013 Expired 2 SQ 11\/8\/24 $75.00 C<\/strong><\/p>\n This premium was a 4.2% return for the one week trade.<\/p>\n Palantir (PLTR)<\/strong><\/span><\/p>\n PLTR has been on a tear! I bought 100 shares at $44.53 and sold a $46 Call. I was assigned.<\/p>\n 10\/30\/24 \u2013 Buy 100 Shares PLTR @ $44.53<\/strong><\/p>\n 11\/8\/24 \u2013 Assigned 100 Shares PLTR @ $46.00<\/strong><\/p>\n 10\/30\/24 \u2013 Sell to Open 1 PLTR 11\/8\/24 $46.00 C @ $2.50 (+$250)<\/strong><\/p>\n 11\/8\/24 \u2013 Expired 1 PLTR 11\/8\/24 $46.00 C<\/strong><\/p>\n The premium was 5.6% and I was assigned for a profit of $147 on the stock sale. The total return for the one week trade was 8.9%.<\/p>\n Palantir (PLTR)<\/p>\n With this PLTR trade I bought the stock at $46 and sold the $55 Call. I was also assigned on this position.<\/p>\n 11\/4\/24 \u2013 Buy 100 Shares PLTR @ $46.00<\/strong><\/p>\n 11\/8\/24 \u2013 Assigned 100 Shares PLTR @ $55.00<\/strong><\/p>\n 11\/7\/24 \u2013 Sell to Open 1 PLTR 11\/8\/24 $55.00 C @ 50\u00a2 (+$50)<\/strong><\/p>\n 11\/8\/24 \u2013 Expired 1 PLTR 11\/8\/24 $55.00 C<\/strong><\/p>\n This premium was a little over 1%, but I made $900 on the stock sale. \u00a0This was a 19.5% return. The return on this Covered Call was 20.6%.<\/p>\n Nvidia (NVDA)<\/strong><\/span><\/p>\n I bought this long Call option in June. I wasn’t happy with the way this position went so I decided to get out this week with a lot more time left before expiration.<\/p>\n 6\/13\/24 \u2013 Buy to Open 1 NVDA 1\/17\/25 $129.00 C @ $20.50<\/strong><\/p>\n 11\/6\/24 \u2013 Sell to Close 1 NVDA 1\/17\/24 $129.00 C @ $22.50<\/strong><\/p>\n Even though I didn’t like the way the position went I still made 9.7% for the five month trade.<\/p>\n The Q’s (QQQ)<\/strong><\/span><\/p>\n This is another position I bought in June. And another one that didn’t move the way I wanted.<\/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<\/strong><\/p>\n I sold this week for a 10.6% return.<\/p>\n Meta Platforms (META)<\/strong><\/span><\/p>\n This long Call I entered on November 1st and got out on the 7th with a $600 profit.<\/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<\/strong><\/p>\n This position moved nicely. The return was 21.8% for the one week trade.<\/p>\n <\/p>\n Like I said, Let’s get back to work. I think we have some good trading ahead of us.<\/p>\n If anyone is in the Staten Island area I am starting a live options trading class. It will be held on Tuesdays and run from 7 to 9pm.<\/p>\n Enjoy your weekend. If you have any questions 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":" Hi Main Street beats Wall Street readers, I want to apologize for dropping the ball on my posts and not doing a week ending report in a long time. My life is extremely busy but I’m gonna try to get back into my normal routine with the site. There are a few reasons why my […]<\/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-14596","page","type-page","status-publish","hentry"],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/P75MP0-3Nq","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/14596","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=14596"}],"version-history":[{"count":1,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/14596\/revisions"}],"predecessor-version":[{"id":14597,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/14596\/revisions\/14597"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=14596"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Profit +$600<\/strong><\/span><\/h4>\n
\n\u00a0Profit +$147<\/strong><\/span><\/h4>\n
\u00a0Profit +$250<\/strong><\/span><\/h4>\n
\nProfit +$900\u00a0<\/strong><\/span><\/h4>\n
\u00a0Profit +$50<\/strong><\/span><\/h4>\n
\nProfit +$200<\/strong><\/span><\/h4>\n
\nProfit +$400<\/strong><\/span><\/h4>\n
\n\u00a0Profit +$600<\/strong><\/span><\/h4>\n
\nTotal Weekly Gain +$3147<\/strong><\/h2>\n
\n