{"id":7761,"date":"2020-05-31T11:29:41","date_gmt":"2020-05-31T15:29:41","guid":{"rendered":"http:\/\/www.mainstbeatswallst.com\/?page_id=7761"},"modified":"2020-06-04T10:03:11","modified_gmt":"2020-06-04T14:03:11","slug":"results-weekending-5-29-20","status":"publish","type":"page","link":"https:\/\/www.mainstbeatswallst.com\/?page_id=7761","title":{"rendered":"Results WeekEnding 5\/29\/20"},"content":{"rendered":"

I want to start this weeks report with some moves I made with United Airlines (UAL). Over the last few weeks I made many moves with UAL but the position I want to talk about I entered on 5\/18.<\/p>\n

I’m not going to make you suffer through this explanation unless you are interested. I am linking the UAL moves to another page for the true students. United Airlines Roll-Out<\/a><\/span>.<\/p>\n

\n

OK, let’s get to this week. It was a another very good week! Not as good as the last few, but I cannot complain about a $5805 gain.<\/p>\n

It’s a beautiful day in NYC so I’ll get right to the trades so I can get some work done in the yard.<\/p>\n

Peloton<\/strong><\/p>\n

This was a day trade. I bought the stock and decided to go in a different direction. The stockinet up 20\u00a2 and I had a $200 gain.<\/p>\n

5\/26\/20 \u2013 Buy 1000 Shares PTON @ $43.40<\/strong><\/p>\n

5\/26\/20 \u2013 Sell 1000 Shares PTON @ $43.60 <\/strong><\/p>\n

Profit +$200<\/strong><\/span><\/h4>\n
\n

Square<\/strong><\/p>\n

I had a Short position with Square (SQ) as a result of a Naked Call. The stock went down as a felt it would and I profited $625.<\/p>\n

5\/22\/20 \u2013 Short 500 Shares SQ @ $80.00<\/strong><\/p>\n

5\/27\/20 \u2013 Buy 500 Shares SQ @$78.75 <\/strong><\/p>\n

Profit +$625<\/strong><\/span><\/h4>\n
\n

United Airlines<\/strong><\/p>\n

If you read the UAL report I linked above, this is the 1000 shares I sold at a $1 profit.<\/p>\n

5\/1\/20 \u2013 Buy 1000 Shares UAL @ $28.00<\/strong><\/p>\n

5\/27\/20 \u2013 Sell 1000 Shares UAL @ $29.00 <\/strong><\/p>\n

Profit +1000<\/strong><\/span><\/h4>\n
\n

Draftking<\/strong><\/p>\n

This was a Draftking (DKNG) \u00a0Covered Call. The stock shot up and I was assigned. I had a big Opportunity Lost but most know I don’t let this bother me.<\/p>\n

5\/18\/20 \u2013\u00a0Buy 200 Share DKNG @ $29.80<\/strong><\/p>\n

5\/29\/20 \u2013 Assigned 200 Shares DKNG @ $30.00 <\/strong><\/p>\n

Profit +$40<\/strong><\/span><\/h4>\n

5\/22\/20 \u2013 Sell to Open 2 DKNK 5\/29\/20 $30.00 C @ $1.00 (+$200)<\/strong><\/p>\n

5\/29\/20 \u2013 Expired 2 DKNG 5\/29\/20 $30.00 C <\/strong><\/p>\n

Profit +$200<\/strong><\/span><\/h4>\n
\n

Peloton<\/strong><\/p>\n

This was a Covered Call. I was not assigned.<\/p>\n

5\/21\/20 \u2013 Sell to Open 10 PTON 5\/29\/20 $48.00 C @ 70\u00a2 (+$700)<\/strong><\/p>\n

5\/29\/20 \u2013 Expired 10 PTON 5\/29\/20 $48.00 C <\/strong><\/p>\n

Profit +$700<\/strong><\/span><\/h4>\n
\n

Peloton<\/strong><\/p>\n

Another Covered Call where I was not assigned. I still own 2000 shares of PTON.<\/p>\n

5\/26\/20 \u2013 Sell to Open 10 PTON 5\/29\/20 $43.00 C @ $1.65 (+$1650)<\/strong><\/p>\n

5\/29\/20 \u2013 Expired 10 PTON 5\/29\/20 $43.00 C <\/strong><\/p>\n

Profit +$1650<\/strong><\/span><\/h4>\n
\n

Occidental Petroleum\u00a0<\/strong><\/p>\n

Another Covered Call not getting assigned.<\/p>\n

5\/26\/20 \u2013 Sell to Open 10 OXY 5\/29\/20 $15.00 C @ 50\u00a2 (+$500)<\/strong><\/p>\n

5\/29\/20 \u2013 Expired 10 OXY 5\/29\/20 $15.00 C <\/strong><\/p>\n

Profit +$500<\/strong><\/span><\/h4>\n
\n

Occidental Petroleum\u00a0<\/strong><\/p>\n

I felt OXY was gonna drop a little so I sold a In-the-Money Naked Call. This is a very dangerous move but you get a very nice premium. I ended up Covering the Call but was not assigned. I still own 2000 shares of OXY. I bought the shares at $13.90. Check out the premium. It’s a Rate of Return of 4.6% for a 3 day Call.<\/p>\n

5\/26\/20 \u2013 Sell to Open 10 OXY 5\/29\/20 $14.00 C @ .65 (+$650)<\/strong><\/p>\n

5\/29\/20 \u2013 Expired 10 OXY 5\/29\/20 $14.00 C <\/strong><\/p>\n

Profit +$650<\/strong><\/span><\/h4>\n
\n

Nvidia<\/strong><\/p>\n

I own 200 shares of NVDA at $361. The stock dropped back a little but I was able to get a 1 day Call sold for a $240 gain. Hopefully I’ll get another Call sold this week.<\/p>\n

5\/28\/20 \u2013 Sell to Open 2 NVDA 5\/29\/20 $360.00 C @ $1.20 (+$240)<\/strong><\/p>\n

5\/29\/20 \u2013 Expired 2 NVDA 5\/29\/20 $360.00 C <\/strong><\/p>\n

Profit +$240<\/strong><\/span><\/h4>\n
\n

Total Weekly Gain +$5804<\/strong><\/h2>\n
\n

Not bad for a slightly disappointing week. I say disappointing because I like to get assigned. I’m still holding 2000 shares of PTON, 2000 of OXY and 200 of NVDA. If I was assigned on all my Calls the week would have been much better. Don’t worry, I’m not getting greedy! The $5804 is a fantastic week!<\/p>\n

Have a great weekend!<\/p>\n

Successful Trading,<\/p>\n

Steve<\/p>\n

The Options Coach<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

I want to start this weeks report with some moves I made with United Airlines (UAL). Over the last few weeks I made many moves with UAL but the position I want to talk about I entered on 5\/18. I’m not going to make you suffer through this explanation unless you are interested. I am […]<\/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-7761","page","type-page","status-publish","hentry"],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/P75MP0-21b","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/7761","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=7761"}],"version-history":[{"count":2,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/7761\/revisions"}],"predecessor-version":[{"id":7802,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/7761\/revisions\/7802"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7761"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}