I am very happy with the way this week turned out. With all the trades I made I only had one that didn’t work out well, also it wasn’t so bad. This will be the first trade I discuss.<\/p>\n
This week I bought one Long Call, I had four Covered Calls positions, which two were assigned, and I sold one Put. First we will look at the Long Call.<\/p>\n
Super Micro Computer Inc.<\/strong><\/span><\/p>\n This stock has been taking a beating but the last week and a half it has been moving up. I liked some of the news about the stock and they were to announce earnings on Wednesday, Nov 20th. I felt the earnings were going to be good so I went against one of my rules and bought a short term Call Option. On Tuesday the 19th, the day before earnings, I bought 1 contract of the 11\/22\/24 $29 Call. I bought the Call on Tuesday and it was to expire on Friday. I advise never to do this! I have been doing well so I decided to take a shot with 1 contract.<\/p>\n It turns out the company never posted their earnings on Wednesday. They are being disciplined by the NASDAQ for Non-Compliance with the exchange’s listing rules after missing deadlines for providing financial reports to investors, but that’s not helping me. I’m sure I’ll get a letter in the mail in about a year about a class action suit.<\/p>\n The stock pulled back a few dollars and with expiration coming fast, like one day away, I decided to sell my position with a $200 loss. Not bad since I only invested $400. I’m surprised I didn’t lose the entire $400. It turns out the stock moved up after I sold on Thursday and continued to move on Friday. If I held until expiration I would have made $1000. Oh well, one of the rules with options is never lose your entire investment; get out before that happens.<\/p>\n This trade didn’t work out for me. If the company didn’t mess around with the earnings report maybe it would have. No problem! I move on. Now the earnings are due out on Tuesday, Nov 26. I might buy another 1 contract Call Option. But thistle I’ll go out a bit with the Expiration Date. Maybe a month!<\/p>\n 11\/19\/24 \u2013 Buy to Open 2 SMCI 11\/22\/24 $29.00 C @ $2.00\u00a0<\/strong><\/p>\n 11\/21\/24 \u2013 Sell to Open 2 SMCI 11\/22\/24 $29.00 C @ $1.00 <\/strong><\/p>\n Trump Media & Technology Group <\/strong><\/span><\/p>\n This is the second Call I sold against these 200 shares and I was not assigned again. I’ll try to sell another Call this week.<\/p>\n 11\/19\/24 \u2013 Sell to Open 2 DJT 11\/22\/24 $33.00 C @ $1.00 (+$200)<\/strong><\/p>\n 11\/22\/24 \u2013 Expired 2 DJT 11\/22\/24 $33.00 C<\/strong><\/p>\n This trade gave me a 3% premium for the one week trade. NICE!<\/p>\n Rocket Lab USA<\/strong><\/span><\/p>\n I bought these 200 shares for $21.40 and sold the $21.50 Call. I was assigned. I made $20 on the stock sale and the $150 premium which was 3.5%.<\/p>\n Covered Call with Assignment<\/p>\n 11\/13\/24 \u2013 Buy 200 Shares RKLB @ $21.40<\/strong><\/p>\n 11\/22\/24 \u2013 Assigned 200 Shares RKLB @ $21.50<\/strong><\/p>\n 11\/19\/24 \u2013 Sell to Open 2 RKLB 11\/22\/24 $21.50 C @ 75\u00a2 (+$150)<\/strong><\/p>\n 11\/22\/24 \u2013 Expired 2 RKLB 11\/22\/24 $21.50 C<\/strong><\/p>\n <\/p>\n Albertsons Companies<\/strong><\/span><\/p>\n I bought 400 shares of Albertsons (ACI) and sold a 4 contract Call. I was not assigned. The premium was 2% for the one week trade. I’ll sell another Call this week.<\/p>\n 11\/19\/24 \u2013 Sell to Open 4 ACI 11\/22\/24 $20.00 C @ 40\u00a2 (+$160)<\/strong><\/p>\n 11\/22\/24 \u2013 Expired 4 ACI 11\/22\/24 $20.00 C<\/strong><\/p>\n\u00a0Loss-$200<\/strong><\/span><\/span><\/h4>\n
\nProfit +$200<\/strong><\/span><\/h4>\n
\n\u00a0Profit +$20<\/strong><\/span><\/h4>\n
\u00a0Profit +$150<\/strong><\/span><\/h4>\n
\nProfit +$160<\/strong><\/span><\/h4>\n
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