{"id":15522,"date":"2025-06-30T20:06:26","date_gmt":"2025-07-01T00:06:26","guid":{"rendered":"https:\/\/www.mainstbeatswallst.com\/?page_id=15522"},"modified":"2025-06-30T20:11:32","modified_gmt":"2025-07-01T00:11:32","slug":"two-trades-in-the-grasshopper-project","status":"publish","type":"page","link":"https:\/\/www.mainstbeatswallst.com\/?page_id=15522","title":{"rendered":"Two Trades in The Grasshopper Project"},"content":{"rendered":"<p data-start=\"196\" data-end=\"397\">I was in Manhattan today taking my wife to the doctor. Before leaving home, I made one trade for The Grasshopper Project, posted earlier. While waiting in the doctor\u2019s office, I opened my laptop and placed two more.<\/p>\n<p data-start=\"399\" data-end=\"582\">These were quick trades \u2014 trading both my own account and The Grasshopper Project at the same time \u2014 so one ended up slightly outside the usual Project playbook. I\u2019ll explain below.<\/p>\n<hr data-start=\"584\" data-end=\"587\" \/>\n<h3 data-start=\"589\" data-end=\"632\">Hims &amp; Hers (HIMS) \u2014 ATM Covered Call<\/h3>\n<p data-start=\"634\" data-end=\"654\"><strong data-start=\"634\" data-end=\"652\">Trade Details:<\/strong><\/p>\n<ul data-start=\"655\" data-end=\"790\">\n<li data-start=\"655\" data-end=\"692\">\n<p data-start=\"657\" data-end=\"692\"><strong data-start=\"657\" data-end=\"665\">Buy:<\/strong> 100 shares HIMS @ $50.00<\/p>\n<\/li>\n<li data-start=\"693\" data-end=\"749\">\n<p data-start=\"695\" data-end=\"749\"><strong data-start=\"695\" data-end=\"712\">Sell to Open:<\/strong> 1 contract HIMS 7\/3\/25 $50.00 Call<\/p>\n<\/li>\n<li data-start=\"750\" data-end=\"790\">\n<p data-start=\"752\" data-end=\"790\"><strong data-start=\"752\" data-end=\"774\">Premium Collected:<\/strong> $1.70 (+$170)<\/p>\n<\/li>\n<\/ul>\n<p data-start=\"792\" data-end=\"1012\">I normally aim for <strong data-start=\"811\" data-end=\"833\">in-the-money (ITM)<\/strong> Calls in The Grasshopper Project. However, in the rush of the waiting room, I sold an <strong data-start=\"920\" data-end=\"942\">at-the-money (ATM)<\/strong> Call instead. Still, I believe this is a safe trade with good odds.<\/p>\n<ul data-start=\"1014\" data-end=\"1219\">\n<li data-start=\"1014\" data-end=\"1140\">\n<p data-start=\"1016\" data-end=\"1140\">If my 100 shares are called away at $50, I\u2019ll break even on the shares themselves but keep the <strong data-start=\"1111\" data-end=\"1138\">$170 premium as profit. <\/strong>This would be a ROI of 3.4%<\/p>\n<\/li>\n<li data-start=\"1141\" data-end=\"1219\">\n<p data-start=\"1143\" data-end=\"1219\">If HIMS closes below $50, I\u2019ll hold the shares and still keep the premium.<\/p>\n<\/li>\n<\/ul>\n<hr data-start=\"1221\" data-end=\"1224\" \/>\n<h3 data-start=\"1226\" data-end=\"1275\">SoFi Technologies (SOFI) \u2014 Cash-Secured Put<\/h3>\n<p data-start=\"1277\" data-end=\"1297\"><strong data-start=\"1277\" data-end=\"1295\">Trade Details:<\/strong><\/p>\n<ul data-start=\"1298\" data-end=\"1427\">\n<li data-start=\"1298\" data-end=\"1359\">\n<p data-start=\"1300\" data-end=\"1359\"><strong data-start=\"1300\" data-end=\"1317\">Sell to Open:<\/strong> 1 contract SOFI 7\/3\/25 $18.00 Put @ 35\u00a2<\/p>\n<\/li>\n<li data-start=\"1360\" data-end=\"1390\">\n<p data-start=\"1362\" data-end=\"1390\"><strong data-start=\"1362\" data-end=\"1384\">Premium Collected:<\/strong> $35<\/p>\n<\/li>\n<li data-start=\"1391\" data-end=\"1427\">\n<p data-start=\"1393\" data-end=\"1427\"><strong data-start=\"1393\" data-end=\"1418\">Stock Price at Entry:<\/strong> $18.20<\/p>\n<\/li>\n<\/ul>\n<p data-start=\"1429\" data-end=\"1545\">This is my <strong data-start=\"1440\" data-end=\"1486\">second cash-secured Put on SOFI this week.<\/strong> The first was at a Strike of $18.50, this one is at $18.<\/p>\n<p data-start=\"1547\" data-end=\"1564\">Same game plan:<\/p>\n<ul data-start=\"1565\" data-end=\"1758\">\n<li data-start=\"1565\" data-end=\"1642\">\n<p data-start=\"1567\" data-end=\"1642\">If SOFI stays above $18 by expiration, I keep the premium with no shares.<\/p>\n<\/li>\n<li data-start=\"1643\" data-end=\"1758\">\n<p data-start=\"1645\" data-end=\"1758\">If it drops below, I\u2019m happy to own it at an adjusted cost basis and will start selling Calls against the shares.<\/p>\n<\/li>\n<\/ul>\n<hr data-start=\"1760\" data-end=\"1763\" \/>\n<h2 data-start=\"1765\" data-end=\"1777\">Summary<\/h2>\n<p data-start=\"1779\" data-end=\"1912\">Even on a busy day, the Project stays focused on its core principles:<br data-start=\"1848\" data-end=\"1851\" \/>\u2705 Steady income<br data-start=\"1866\" data-end=\"1869\" \/>\u2705 Disciplined entries<br data-start=\"1890\" data-end=\"1893\" \/>\u2705 Controlled risk<\/p>\n<p data-start=\"1914\" data-end=\"2032\">\n<p data-start=\"1914\" data-end=\"2032\">The Grasshopper Project is fully invested for the week. There are 4 positions pending. 1 position was carried over from last week and I made 3 more today. Let&#8217;s watch to see how the Project does through the first 2 weeks.<\/p>\n<p data-start=\"1914\" data-end=\"2032\">If you have questions about these trades \u2014 or want me to look at any stocks for future Project trades \u2014 let me know.<\/p>\n<p>&nbsp;<\/p>\n<p>\ud83d\udcc8Successful trading,<\/p>\n<p>Steve<\/p>\n<p><em>The Options Coach<\/em><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>I was in Manhattan today taking my wife to the doctor. Before leaving home, I made one trade for The Grasshopper Project, posted earlier. While waiting in the doctor\u2019s office, I opened my laptop and placed two more. These were quick trades \u2014 trading both my own account and The Grasshopper Project at the same [&hellip;]<\/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-15522","page","type-page","status-publish","hentry"],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/P75MP0-42m","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/15522","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=15522"}],"version-history":[{"count":2,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/15522\/revisions"}],"predecessor-version":[{"id":15525,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/15522\/revisions\/15525"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=15522"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}