Mondays are always busy and today is no different. Not only did I get into trades but I also exited a few positions. First let me list the positions I entered, which is normal for a Monday. Since I sell weekly options normally I have stock positions that had options expire on Friday, and if I was not assigned, the stocks owned are available for more Calls to be sold against the shares.<\/p>\n
I also entered a few Long Option positions.<\/p>\n
Let’s take a look at two nice Grasshopper Trades I have been making for a few weeks. One is with Quantum Computing (QUBT) and the other with Mara Holding (MARA).<\/p>\n
<\/p>\n
I bought 100 shares of QUBT on Nov 25th at $8.30. I have been selling a Call for a few weeks because I was not assigned, today I sold another. I sold 1 QUBT 12\/20\/24 $8.00 C for a premium of 65\u00a2 for $65. Yes, this is a Grasshopper Trade but the premium is 7.8% for a one week trade. Fantastic!<\/p>\n
12\/16\/24 \u2013 Sell to Open 1 QUBT 12\/20\/24 $8.00 C @ 65\u00a2 (+$65) 7.8%<\/strong><\/p>\n This is another Grasshopper Trade. I own 200 shares of the stock at $26.10. I sold 2 MARA 12\/20\/24 $26 Calls for a premium of 50\u00a2 for a total of $100. Again, I know it doesn’t sound like a lot but it’s 1.9% for a one week trade. If you did this every week it would be 98% for the year. Grasshoppers, this is what you should be looking for. If after 35 years I can make trades like this, so can you!<\/p>\n 12\/16\/24 \u2013 Sell to Open 2 MARA 12\/20\/24 $26.00 C @ 50\u00a2 (+$100) 1.9%<\/strong><\/p>\n Next let’s take a look at Long Options I bought today. One is with Meta Platforms (META), formally known as Facebook, and the other is with Axon Enterprises (AXON).<\/p>\n When doing fundamental analysis META is one of the best stocks in the world. Some say the best. I like to be involved in Long Options with this stock. My last options did not work as well as I wanted, but I did make $100. Let’s hope this one works better. My goal is to profit $500 which would be 25%.<\/p>\n Buy to Open 1 META 1\/10\/25 $620.00 C @ $20.00<\/strong><\/p>\n I also bought an option on Axon Enterprises. I never invested in this stock before so let’s hope for a little beginner’s luck. I got into this position because next Monday this stock is entering the NASDAQ 100, along with Palantir (PLTR). I think entering this index will cause a little northward movement.<\/p>\n Buy to Open 1 AXON 1\/17\/25 $630.00 C @ 32.00<\/strong><\/p>\n The next two positions are with Tesla. On Thursday I bought two option positions on this hot stock. I did the same last week and made $1000 on one and $500 on the other. These two I bought on Thursday I sold today worked out a little better.<\/p>\n I sold one of the two at the open. I love starting the week with a nice gain. The stock opened up and I decided to sell one of my options and watch how the day goes to sell or keep the other. This first position I bought at $31.50 and I placed a sell order at $41.50. I was filled and I locked in a $1000 profit to start the week.<\/p>\n 12\/12\/24 \u2013 Buy to Open 1 TSLA 1\/10\/25 $425.00 C @ $31.50<\/strong><\/p>\n 12\/16\/24 \u2013 Sell to Close 1 TSLA 1\/10\/25 $425.00 C @ $41.50<\/strong><\/p>\n With my second Tesla position I waited until after 10:30. Many traders use 10:30 as a starting point of the day. After I sold my first Tesla position the stock pulled back. I did not care that I didn’t sell this second option because my Expiration Date is Jan 10th. After 10:30 the stock started to move up again. It went up to the point that I had an $1100 profit. At that point I placed a Sell\/Stop order at $40. The premium was up to $41 but the Sell\/Stop order would be filled if the stock dropped back to $40. If the stock continued up I would continue to make money. Once the premium went up to $42 I raised my Stop price to $41. As the stock kept moving up I kept moving my stop price up. I finally got filled at $50. This gives me a $2000 profit on this option. As I write the stock is hanging around my exit price.<\/p>\n 12\/12\/24 \u2013 Buy to Open 1 TSLA 1\/10\/25 $425.00 C @ $30.00<\/strong><\/p>\n 12\/16\/24 – Sell to Close 1 TSLA 1\/10\/25 $425.00 C @ $50.00<\/strong><\/p>\n What a great morning! I have $3000 locked in to start the week. Let’s hope the rest of the week goes well and I don’t have to take a loss of one of my other Long Options. I’ll keep you informed.<\/p>\n My META and AXON positions are doing well. The META option is up about $180 and AXON is up over $700 on a position I entered less than an hour ago.<\/p>\n <\/p>\n Successful trading,<\/p>\n Steve<\/p>\n The Options Coach<\/em><\/p>\n <\/p>\n","protected":false},"excerpt":{"rendered":" Mondays are always busy and today is no different. Not only did I get into trades but I also exited a few positions. First let me list the positions I entered, which is normal for a Monday. Since I sell weekly options normally I have stock positions that had options expire on Friday, and if […]<\/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-14835","page","type-page","status-publish","hentry"],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/P75MP0-3Rh","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/14835","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=14835"}],"version-history":[{"count":1,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/14835\/revisions"}],"predecessor-version":[{"id":14837,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/14835\/revisions\/14837"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=14835"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nMara Holding<\/strong><\/span><\/h4>\n
\nMeta Platforms<\/strong><\/span><\/h4>\n
\n Axon Enterprises<\/strong><\/span><\/h4>\n
\nTesla<\/span><\/h4>\n
Profit +$1000<\/strong><\/span><\/h4>\n
\nTesla<\/strong><\/span><\/h4>\n
Profit +$2000<\/strong><\/span><\/h4>\n