I had a nice week ending on Friday, 11\/15. All the trades coming to an end are listed here. I hope this can continue for the next four years….We’ll see!<\/p>\n
Palantir<\/strong><\/span><\/p>\n PLTR had a very good earnings report; put this together with the election pop and you get good results. I bought this two contract Call with the Expiration Date of 12\/27\/24. With the stock’s jump I sold the position in three days. I only held the position over the weekend and sold on Monday. I invested $792 and sold for $1300 for a $508 profit and a +64% return.<\/p>\n <\/p>\n 11\/8\/24 \u2013 Buy to Open 2 PLTR 12\/27\/24 $57.00 C @ $3.96<\/strong><\/p>\n 11\/11\/24 \u2013 Sell to Close 2 PLTR 12\/27\/24 $57.00 C @ $6.50<\/strong><\/p>\n Palantir<\/strong><\/span><\/p>\n After selling the position above I felt the stock still had some gas in it so I bought another position. The position above had a Strike Price of $57, and with the stock higher, I bought this position with the Strike of $62. This one I held from Monday to Friday and sold with a profit of +$405 for a return of +28.8%.<\/p>\n 11\/11\/24 \u2013 Buy to Open 3 PLTR 12\/27\/24 $62.00 C @ $4.50\u00a0<\/strong><\/p>\n 11\/15\/24 \u2013 Sell to Close 3 PLTR 12\/27\/24 $62.00 C @ $5.85<\/strong><\/p>\n Block<\/strong><\/span><\/p>\n I have been writing about these 200 shares of SQ. I bought them in May and have been selling Calls ever since without getting assigned. With this position the stock’s earnings were coming out and I sold the 12th Call since May. It would have been better if I didn’t sell this Call because the stock had great earnings and the stock has been going up ever since. But I’m not much of a buy and hold guy, especially with Block (SQ). I’m an options trader!<\/p>\n After bringing in close to $3k from previous Calls I finally got assigned making $760 on the stock sale and another $200 with this last premium. It was nice ending the string of trades with a $960 gain.<\/p>\n Covered Call with Assignment<\/p>\n 5\/6\/24 \u2013 Buy 200 Shares SQ @ $71.20<\/strong><\/p>\n 11\/15\/24 \u2013 Assigned 200 Shares SQ @ $75.00<\/strong><\/p>\n 11\/8\/24 \u2013 Sell to Open 2 SQ 11\/15\/24 $75.00 C @ $1.00 (+$200)<\/strong><\/p>\n 11\/15\/24 \u2013 Expired 2 SQ 11\/15\/24 $75.00 C<\/strong><\/p>\n Nextera<\/strong><\/span><\/p>\n Nextera is one of my high dividend stocks, which I’ll be writing about soon. The stock is down a bit in the last few weeks so I decided to buy 100 shares and sell a Call for a Grasshopper Trade. I bought the 100 shares for $19.90 per share and sold a $20 Call bringing in a 50\u00a2 premium. I did not get assigned because the stock is still moving down.<\/p>\n 11\/4\/24 \u2013 Sell to Open 1 NEP 11\/15\/24 $20.00 C @ 50\u00a2 (+$50)<\/strong><\/p>\n 11\/15\/24 \u2013 Expired 1 NEP 11\/15\/24 $20.00 C<\/strong><\/p>\n I know $50 does not sound like much but on a $20 stock the return was 2.5%.<\/p>\n Nextera<\/strong><\/span><\/p>\n When I bought the stock and sold the Call above the stock moved up and I bought another 200 shares at $20.57 and sold two $21 Calls for a 38\u00a2 premium for +$76. This premium was a 1.7% return. I felt the stock was gonna move up and I would get assigned but it didn’t. I still own these 300 shares and I just received a dividend on 11\/14. The dividend was 91\u00a2 for $275. I knew the dividend was coming. This is why I made these two trades.<\/p>\n 11\/5\/24 \u2013 Sell to Open 2 NEP 11\/15\/24 $21.00 C @ 38\u00a2 (+$76)\u00a0<\/strong><\/p>\n 11\/15\/24 \u2013 Expired 2 NEP 11\/15\/24 $21.00 C<\/strong><\/p>\n Trump\u00a0Media & Technology Group<\/strong><\/span><\/p>\n With the election Trump’s stock was moving. I saw that the premiums were high. I decided to take a shot at keeping the premium and getting assigned because I really don’t want to hold the stock. I bought 200 shares at $33.20 and sold 2 Calls for a premium of $2.75. The total premium was $550 for a return of 8.2%. Oh well it didn’t work! The stock is down about $6 from where I bought. However, I keep the premium of $550. I’ll just watch the stock and sell Calls until I get assigned.<\/p>\n 11\/11\/24 \u2013 Sell to Open 2 DJT 11\/15\/24 $33.00 C @ $2.75 ($550)<\/strong><\/p>\n 11\/15\/24 \u2013 Expired 2 DJT 11\/15\/24 $33.00 C <\/strong><\/p>\n Rocket Lab USA<\/strong><\/span><\/p>\n This stock just came out with good earnings. With the company being a space company, and with Musk in the administration, I figured this could be a good trade. The stock has been going up like a rocket but once I bought the stock it took a break. I bought 200 shares at $21.40 and sold the In-the-Money $21 Call. I figured with the stock moving up and me selling an In-the-Money Call I would get assigned. That didn’t happen with the stock pulling back. It’s not too bad, I bought the stock at $21.40 and today the stock is at $19.29. I’ll get another Call sold!<\/p>\n 11\/13\/24 \u2013 Sell to Open 2 RKLB 11\/15\/24 $21.00 C @ 85\u00a2 (+$170)<\/strong><\/p>\n 11\/15\/24 \u2013 Expired 1 RKLB 11\/15\/24 $21.00 C <\/strong><\/p>\n I received an 85\u00a2 premium for a total of $170 on the 200 shares. The return is 3.9% for the two day trade.<\/p>\n <\/p>\n <\/p>\n Successful trading,<\/p>\n Steve<\/p>\n The Options Coach<\/em><\/p>\n","protected":false},"excerpt":{"rendered":" I had a nice week ending on Friday, 11\/15. All the trades coming to an end are listed here. I hope this can continue for the next four years….We’ll see! Palantir PLTR had a very good earnings report; put this together with the election pop and you get good results. I bought this two contract […]<\/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-14665","page","type-page","status-publish","hentry"],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/P75MP0-3Ox","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/14665","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=14665"}],"version-history":[{"count":1,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/14665\/revisions"}],"predecessor-version":[{"id":14667,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/14665\/revisions\/14667"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=14665"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Profit +$508<\/strong><\/span><\/h4>\n
\n\u00a0Profit +$405<\/strong> <\/span><\/h4>\n
\nProfit +$760<\/strong><\/span><\/h4>\n
\u00a0Profit +$200<\/strong><\/span><\/h4>\n
\n\u00a0Profit +$50<\/strong><\/span><\/h4>\n
\n\u00a0Profit +$76<\/strong><\/span><\/h4>\n
\n\u00a0Profit +$550<\/strong><\/span><\/h4>\n
\n\u00a0Profit +$170<\/strong><\/span><\/h4>\n
\nTotal Weekly Gain +$2719<\/strong><\/h2>\n
\n