I hope everyone had a great Thanksgiving, we all have a lot to be thankful for!<\/p>\n
I spent the entire long weekend in Boston with my wife, Irene’s family. I didn’t have time to write this report so here it is now. The week started off pretty well with the sale of a Long Option I bought with Palo Alto (PANW). Besides this trade I had two Covered Calls expire without assignment. And I had a Put Option I sold expire with an assignment. Let’s take a look at these trades below.<\/p>\n
<\/p>\n
Palo Alto<\/strong><\/span><\/p>\n Friday, Nov 22nd I saw a good opportunity for the buying of an option with Palo Alto (PANW). I bought 1 PANW 12\/20\/24 $380 Call for a premium of $13.75. This cost me $1375. The way the stock moved I felt it could have a nice pop soon. On Monday, Nov 25th the stock did not move much, but on Tuesday, two trading days after I purchased the Call the stock moved up enough where I could sell my position for a profit I was happy with. The Call that I paid $13.75 for, I sold for $20. This was a quick profit of $625. A Return on Investment (ROI) of 45.4%.<\/p>\n 11\/22\/24 \u2013 Buy to Open 1 PANW 12\/20\/24 $380.00 C @ $13.75 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0\u00a0<\/strong><\/p>\n 11\/26\/24 \u2013 Sell to Close 1 PANW 12\/20\/24 $380.00 C @ $20<\/strong><\/p>\n As always, when buying Long Options, I go out at least a month with my Expiration Date. I went out to 12\/20 with my Expiration Date for Time Decay protection. As you see I only kept the position for two trading days.<\/p>\n Albertsons<\/strong><\/span><\/p>\n On Nov 19th I bought 400 shares of Albertsons (ACI) at $19.33. At that time I sold a 4 contract Call to expire Nov 22nd. I brought in a premium of 40\u00a2 for $160. I was not assigned. This was a return of 2% for the three day trade.<\/p>\n Since I was not assigned I sold another Call on Nov 25th. This trade below. Again I was not assigned. For this trade I brought in a premium of 50\u00a2 for a return of 2.5%. It might not sound like a lot but if you made this trade every week the return for the year would be 130%. Now it sounds pretty good! Slow and Steady, Steady and Slow. It’s trades like this that make you rich. This is a great Grasshopper Trade!<\/p>\n 11\/25\/24 \u2013 Sell to Open 4 ACI 11\/29\/24 $20.00 C @ 50\u00a2 (+$200) +2.5%<\/strong><\/p>\n 11\/29\/25 \u2013 Expired 4 ACI 11\/29\/24 $20.00 C <\/strong><\/p>\n Right at the close on Friday I knew I was not going to get assigned again so I sold another 4 contract Call to get a jump on this week. I sold 4 ACI 12\/6\/24 $20 Calls. This is the same Strike Price I sold the last two Calls at. The last two I received 40\u00a2 and 50\u00a2 respectively. This Call I received a premium of 90\u00a2 for $360. A 4.6% return on my investment.<\/p>\n 11\/29\/24 \u2013 Sell to Open 4 ACI 12\/6\/24 $20.00 C @ 90\u00a2 (+$360)<\/p>\n Quantum Computing<\/strong><\/span><\/p>\n I only bought 100 shares of QUBT at $8.30. I sold this Call bringing in a premium that is 12.6%. That’s nice, but I don’t like the way the stock is moving. As I write I’m trying to get another Call sold but the stock is down to $6.70. Not a major problem. Since I only bought 100 shares, at the moment I’m down $160 on the stock but I brought in $105 with the premium. If I get another Call sold I’ll be looking good!<\/p>\n 11\/25\/24 \u2013 Sell to Open 1 QUBT 11\/29\/24 $9.00 C @ $1.05 (+$105) +12.6%<\/strong><\/p>\n 11\/29\/24 \u2013 Expired 1 QUBT 11\/29\/24 $9.00 C<\/strong><\/p>\n Super Micro Computer<\/strong><\/span><\/p>\n This is a very volatile stock. I sold a 4 contract Put. The stock was around $37 per share and I sold the $34 Put. The stock dropped down below my strike Price and I was assigned. I now own 400 shares of SMCI at $34. For selling the Put I received a premium of $1.05 for $420.<\/p>\n 11\/25\/24 \u2013 Sell to Open 4 SMCI 11\/29\/24 $34.00 P @ $1.05 (+$420)<\/strong><\/p>\n 11\/29\/24 \u2013 Expired 4 SMCI 11\/29\/24 $34.00 C<\/strong><\/p>\n On Friday I knew I was going to have the 400 shares of the stock put to me so before the close I sold a 4 contract Call against the shares being put to me. \u00a0I sold 4 SMCI 12\/6\/24 $35 Calls for a premium of $1.70. Because of the volatility the premium was very high. The total premium is $680. That’s a return of 5%. If I get assigned these two trades would have brought in $1100 plus I’ll make $400 on the sale of the stock. I hope I get assigned this Friday.<\/p>\n 11\/29\/24 \u2013 Sell to Open 4 SMCI $12\/6\/24 $35.00 C @ $1.70 (+$680)<\/p>\n If you have any questions on any trade 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":" I hope everyone had a great Thanksgiving, we all have a lot to be thankful for! I spent the entire long weekend in Boston with my wife, Irene’s family. I didn’t have time to write this report so here it is now. The week started off pretty well with the sale of a Long Option […]<\/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-14720","page","type-page","status-publish","hentry"],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/P75MP0-3Pq","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/14720","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=14720"}],"version-history":[{"count":1,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/14720\/revisions"}],"predecessor-version":[{"id":14721,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/14720\/revisions\/14721"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=14720"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Profit +$625<\/strong><\/span><\/h4>\n
\n\u00a0Profit +$200<\/strong><\/span><\/h4>\n
\n\u00a0Profit +$105<\/strong><\/span><\/h4>\n
\n\u00a0Profit +$420\u00a0<\/strong><\/span><\/h4>\n
\nTotal Weekly Gain +$1350<\/h2>\n
\n