I just had a huge week! It’s not the biggest since Main Street beats Wall Street’s inception but I only had 1 bigger week. It was back at week ending 9\/22\/16 where I rang up $21,100.<\/p>\n
Having a job is very important, and trading should not be done in lieu of a job. Unless you’re a millionaire! But, everyone should learn how to invest or trade for your retirement years. Or for when a coronavirus comes around.<\/p>\n
Because of the coronavirus Fiore’s Pizza is doing NO business. If I didn’t have my trading I’d be very stressed out right now. Like I said, I like having a job alone with my trading, but in times like this when my business income is cut off, I’m extremely happy I have my trading. Not only am I bringing in nice money, the last few weeks I’ve been knocking the cover off the ball!<\/p>\n
Start learning this shit! You’ll thank me some day!<\/p>\n
You don’t need a huge account. If you can put 50 grand in an account you can easily bring in $400 or $500 a week. If you have less money maybe you can bring in $100 or $200 a week. What’s wrong with that? I have some young students who have about 5 grand and they have been making a few hundred a week.<\/p>\n
Let’s take a look at why I’m so pumped. I made a lot of moves this week but take a look at the result. The trades that made this week so different are 2 LEAPS sales and my Nvidia Triple Play Hedge. The Triple Play Hedge worked unbelievable! The result was over a $6000 profit.<\/p>\n
The first 2 trades listed are the sale of a LEAPS with Marvell (MRVL) and Apple (AAPL).<\/p>\n
Marvell<\/strong><\/p>\n I did get into this position back in October but I just got out on Wednesday. It was a 10 contract LEAPS and I locked in $3300.<\/p>\n 10\/22\/19 \u2013 Buy to Open 10 MRVL 1\/21\/22 $25.00 C @ $5.20<\/strong><\/p>\n 5\/20\/20 \u2013 Sell to Close 10 MRVL 1\/21\/22 $25.00 C @ $8.50 <\/strong><\/p>\n Apple<\/strong><\/p>\n Apple was only a 1 contract, and I just got in on 4\/3\/20. I held this LEAPS for about 6 weeks and locked in $5350.<\/p>\n 4\/3\/20 \u2013 Buy to Open 1 AAPL 1\/21\/22 $245.00 C @$41.50<\/strong><\/p>\n 5\/20\/20 \u2013 Sell to Close 1 AAPL 1\/21\/22 $245.00 C @ $95.00 <\/strong><\/p>\n RH \u2013 Covered Call<\/strong><\/p>\n RH was a 1 contract Covered Call where I was assigned. I made $1200 on the stock sale and the $400 premium. The crazy thing about this trade is I bought the stock at $155.50 and on Friday the stock closed at $198.18. This is a great example of an Opportunity Lost<\/a><\/span>. If I only bought the stock and never sold the call I would have made over $4200 on the 100 shares. Because I sold the Call I made $1600. You know how I feel about Opportunity Lose, if not read the page.<\/p>\n 5\/13\/20 \u2013 Buy 100 Shares RH @ $155.50<\/strong><\/p>\n 5\/22\/20 \u2013 Assigned 100 Shares RH @ 167.50 <\/strong><\/p>\n 5\/18\/20 \u2013 Sell to Open 1 RH 5\/22\/20 $167.50 C @ $4.00 (+$400)<\/strong><\/p>\n 5\/22\/20 \u2013 Expired 1 RH 5\/22\/20 $167.50 C <\/strong><\/p>\n Draftking<\/strong><\/p>\n This was a 2 contract Covered Call where I wasn’t assigned. I still own the stock and I already sold a $30 Call for next week.\u00a0<\/p>\n 5\/18\/20 \u2013 Sell to Open 2 DKNG 5\/22\/20 $30.00 C @ $2.00 (+$400)<\/strong><\/p>\n 5\/18\/20 \u2013 Expired 2 DKNG 5\/22\/20 $30.00 C <\/strong><\/p>\n Peloton<\/strong><\/p>\n Like Draftknig this was a Covered Call where I wasn’t assigned. With Peloton I also sold a Call for next week.<\/p>\n 5\/18\/20 \u2013 Sell to Open 10 PTON 5\/22\/20 $48.00 C @ 50\u00a2 (+$500)<\/strong><\/p>\n 5\/22\/20 \u2013 Expired 10 PTON 5\/22\/20 $48.00 C <\/strong><\/p>\n Nutanix \u2013 Covered Call<\/strong><\/p>\n This was a Covered Call with assignment.<\/p>\n 5\/20\/20 \u2013 Buy 1000 Shares NTNX @ $22.50<\/strong><\/p>\n 5\/22\/20 \u2013 Assigned 1000 Shares NTNX @ $23.00 <\/strong><\/p>\n 5\/20\/20 \u2013 Sell to Open 10 NTNX 5\/22\/20 $23.00 C @ 60\u00a2 (+$600)<\/strong><\/p>\n 5\/22\/20 \u2013 Expired 10 NTNX 5\/22\/20 $23.00 C <\/strong><\/p>\n Square<\/strong><\/p>\n With Square I sold a Naked Call. The stock went above my Strike Price and because of multiple downgrades I didn’t Cover, and I didn’t sell or roll-out the Call. The result is I’m short 500 shares of SQ at $80, my Strike. This might not be for Grasshoppers<\/a><\/span>. What I did is a very dangerous move. I’m now short on a stock that moves pretty good. For some reason I’m not worried. I still think SQ will be going down. This is why I did a Naked Call in the first place. If you have any questions how this position ended up with a Short position send me an email. It’s important!<\/p>\n I still keep my $750 premium!<\/p>\nProfit +$3300\u00a0<\/strong><\/span><\/h4>\n
\nProfit +$5350<\/strong><\/span><\/h4>\n
\nProfit +$1200<\/strong><\/span><\/h4>\n
Profit +$400<\/strong><\/span><\/h4>\n
\n\u00a0Profit +$400<\/strong><\/span><\/h4>\n
\nProfit +$500<\/strong><\/span><\/h4>\n
\nProfit +500<\/strong><\/span><\/h4>\n
Profit +$600\u00a0<\/strong><\/span><\/h4>\n
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