{"id":7993,"date":"2020-07-03T11:38:23","date_gmt":"2020-07-03T15:38:23","guid":{"rendered":"http:\/\/www.mainstbeatswallst.com\/?page_id=7993"},"modified":"2020-07-03T11:38:23","modified_gmt":"2020-07-03T15:38:23","slug":"results-week-ending-7-2-20","status":"publish","type":"page","link":"https:\/\/www.mainstbeatswallst.com\/?page_id=7993","title":{"rendered":"Results Week Ending 7\/2\/20"},"content":{"rendered":"

First, I would like to welcome our new subscribers, we got a bunch more this week. It looks to me like a lot more people are looking for sites to help them achieve their goals of making more money, and do it while staying at home. COVID-19 might have changed the world for ever!<\/p>\n

Today is Friday, July 3rd. The market is closed because the 4th of July falls on a Saturday so the federal holiday is celebrated today as far as getting the day off from work to give the 3 day weekend. I’m getting my weekly report done early so I can also enjoy the 3 day weekend.<\/p>\n

Before I get into this week’s trades I would like to talk a little about Opportunity Lost. Opportunity Lost is the profit you do not<\/strong> get if the stock involved in your Covered Call goes higher than your Strike Price. EX: If your Covered Call has a Strike Price of $20 and the stock goes up to $25 you must sell your stock at $20. This is what you signed up for when you sold the option. You gave up the right to the stock’s profit above $20 in exchange for the premium. Please read the Opportunity Lost<\/a> <\/span>page.<\/p>\n

I bring this up (again) today because I had a few sizable Opportunity Lost situations this week. Most readers know I am not concerned with Opportunity Lost. I have a strategy and I stick to it. I’m in this game for the premiums from selling Calls. If I was in this for the stock gain I would only buy stock and not sell Calls. I’m not saying that’s a bad strategy! I’m saying it’s not mine. Have a strategy and stick to it! If you keep changing your strategy you will find yourself chasing profit around, and it never works out. I take what I sign up for and move on. We all must find our own philosophy and strategy that fits into our own risk tolerance. And part of mine is not to worry about Opportunity Lost.<\/p>\n

I have a bunch of trades to list that came to an end this week so let’s get to it.<\/p>\n

Marvell<\/strong><\/p>\n

I sold one of my LEAPS<\/a><\/span> position this week. I got in my Marvell (MVRL) LEAPS on 5\/26 and held for a month. For the new readers, LEAPS are long term options. LEAPS stands for\u00a0L<\/strong>ong-term E<\/strong>quity A<\/strong>nticip<\/strong>ation S<\/strong>ecurity. Leaps are the only type of options I buy. With options Time Decay is against you. When buying options LEAPS gives me the protection I want against Time Decay. This position gave me a Return on Investment (ROI) of 35%.<\/p>\n

5\/26\/20 \u2013 Buy to Open 10 MRVL 1\/21\/22 $32.00 C @ $6.50<\/strong><\/p>\n

6\/30\/20 \u2013 Sell to Close 10 MRVL 1\/21\/22 $32.00 C @ $8.77 <\/strong><\/p>\n

Profit (+$2270)<\/strong><\/span><\/h4>\n
\n

Inseego<\/strong><\/p>\n

This is another LEAPS I sold this week. I like the stock Inseego (INSG). However, I owned it since 1\/29 and I wanted to lock in the profit. This was a 10 contract LEAPS with the Strike Price of $10. I also own a $12.50 20 contract LEAPS. Selling this LEAPS locked in a ROI of 77%.<\/p>\n

1\/29\/20 \u2013 Buy to Open 10 INSG 1\/21\/22 $10.00 C @ $2.60<\/strong><\/p>\n

6\/30\/20 \u2013 Sell to Close 10 INSG 1\/21\/22 $10.00 C @ $4.60 <\/strong><\/p>\n

Profit +$2000<\/strong><\/span><\/h4>\n
\n

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

This was a Covered Call, I was not assigned. I still own the 500 shares. The Call expired and I locked in $500.<\/p>\n

6\/25\/20 \u2013 Sell to Open 5 UAL 7\/2\/20 $37.00 C @$1.00 (+$500)<\/strong><\/p>\n

7\/2\/20 \u2013 Expired 5 UAL 7\/2\/20 $37.00 C <\/strong><\/p>\n

Profit +$500\u00a0<\/strong><\/span><\/h4>\n
\n

Apple<\/strong><\/p>\n

This is one of the positions where I had a sizable Opportunity Lost. I bought the 100 shares just to sell a Call. I bought at $354.95 and sold the $355 Call. The stock went up and I was assigned. I only made 5\u00a2 on the stock sale but I keep the $600 premium I received. The stock closed at $364.11. If I never sold the Call I would have made $10 on the stock but I gave that up the right for this gain for the $600 premium. To me this was a great trade. It’s not the return I look for with a 1 week trade but I considered it very safe.<\/p>\n

6\/22\/20 \u2013 Buy 100 Shares AAPL @ $354.95<\/strong><\/p>\n

7\/2\/20 \u2013 Assigned 100 Shares AAPL @ $355.00 <\/strong><\/p>\n

\u00a0Profit +$5<\/strong><\/span><\/h4>\n

6\/29\/20 \u2013 Sell to Open 1 AAPL 7\/2\/20 $355.00 C @ $6.00 (+$600)<\/strong><\/p>\n

7\/2\/20 \u2013 Expired 1 AAPL 7\/2\/20 $355.00 C <\/strong><\/p>\n

Profit +$600<\/strong><\/span><\/h4>\n
\n

Nutanix<\/strong><\/p>\n

This trade is better that it looks. I bought 1000 shares of Nutanix (NTNX) on 6\/5 for $23.65 per share. I sold Calls 4 weeks in a row bringing in $550, $450, $600 and this week $500. A total of $2100 in premiums on the one stock buy. This week I decided I wanted to move on from NTNX. With the stock down from where I bought, I decided to go with a $23 Call. I took a chance on getting assigned at a price lower than my buy-in price by selling the $23 Call. I could have sold the $24 Call but I wanted the higher premium, and since I brought in nice premiums already I figured I wouldn’t mind getting assigned at a lose on the stock. Well, the stock went up above the $23 Strike Price and I was assigned. The stock closed at $23.85. I took a 65\u00a2 loss on the stock for $650 but I had taken in $2100 in premiums. My total profit for the 4 week I held NTNX is $1450. That’s a 6.1% Return on Investment for the 1 month I held the stock. I’ll take it and move on.<\/p>\n

6\/5\/20 \u2013 Buy 1000 Shares NTNX @ $23.65<\/strong><\/p>\n

7\/2\/20 \u2013 Assigned 1000 Shares NTNX @ $23.00 <\/strong><\/p>\n

Loss -$650<\/strong><\/span><\/h4>\n

6\/29\/20 \u2013 Sell to Open 10 NTNX 7\/2\/20 $23.00 C @ 50\u00a2 (+$500)<\/strong><\/p>\n

7\/2\/20 \u2013 Expired 10 NTNX 7\/2\/20 $23.00 C <\/strong><\/p>\n

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

Skyworks Solutions<\/strong><\/p>\n

This was a 3 contract Covered Call where I was not assigned. Last week I took in a $450 premium. This week I felt I wasn’t gonna get assigned so I sold another Call to expire next week. For this I received a premium of $660.<\/p>\n

6\/30\/20 \u2013 Sell to Open 3 SWKS 7\/2\/20 $130.00 C @ 75\u00a2 (+$225)<\/strong><\/p>\n

7\/2\/20 \u2013 Expired 3 SWKS 7\/2\/20 $130.00 C <\/strong><\/p>\n

\u00a0Profit +$225<\/strong><\/span><\/h4>\n
\n

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

This was a 1 contract \u00a0Covered Call. This was another sizable Opportunity Lost. The stock shot up to $384.49 and I was assigned at $377.50. I made $200 on the stock sale and I keep the $525 premium.<\/p>\n

6\/24\/20 \u2013 Buy 100 Shares NVDA @ $375.50<\/strong><\/p>\n

7\/2\/20 \u2013 Assigned 100 Shares NVDA @ $377.50<\/strong><\/p>\n

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

6\/30\/20 \u2013 Sell to Open 1 NVDA 7\/2\/20 $377.50 C @ $5.25 (+$525)<\/strong><\/p>\n

7\/2\/20 \u2013 Expired 1 NVDA 7\/2\/20 $377.50 C <\/strong><\/p>\n

Profit +$525<\/strong><\/span><\/h4>\n
\n

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

I’ve been killing it with Peloton (PTON)! In the last 4 or 5 weeks I brought in about $15 grand in premiums. Check out the Trade History 2020<\/a><\/span>. I’ve been dealing with 2000 shares but this week I decided not to push it and went with 1000 shares. The 10 contract Covered Call gave me a total of $2480 with assignment.<\/p>\n

6\/29\/20 \u2013 Buy 1000 Shares PTON @ $56.57<\/strong><\/p>\n

7\/2\/20 \u2013 Assigned 1000 Shares PTON @ $57.00 <\/strong><\/p>\n

Profit +$430<\/strong><\/p>\n

6\/30\/20 \u2013 Sell to Open 10 PTON 7\/2\/20 $57.00 C @ $2.05 (+$2050)<\/strong><\/p>\n

7\/2\/20 \u2013 Expired 10 PTON 7\/2\/20 $57.00 C <\/strong><\/p>\n

Profit +$2050<\/strong><\/span><\/h4>\n
\n

Micron<\/strong><\/p>\n

This was a 2 day Covered Call. I was not assigned but I brought in a great premium. I still own the 1000 shares.<\/p>\n

6\/30\/20 \u2013 Sell to Open 10 MU 7\/2\/20 $52.00 C @ $1.00 (+$1000)<\/strong><\/p>\n

7\/2\/20 \u2013 Expired 10 MU 7\/2\/20 $52.00 C<\/strong><\/p>\n

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

Draftkings<\/strong><\/p>\n

This was also I 2 day, 10 contract Covered Call where I was not assigned. Also a great premium of $1000.<\/p>\n

6\/30\/20 \u2013 Sell to Open 10 DKNG 7\/2\/20 $34.00 C @ $1.00 ($1000)<\/strong><\/p>\n

7\/2\/20 \u2013 Expired 10 DKNG 7\/2\/20 $34.00 C <\/strong><\/p>\n

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

Well, that’s it for the many trades this week. With the selling of the Marvell and Inseego LEAPS it turned out to be another great week.<\/p>\n

\n

Total Weekly Gain $10,655<\/strong><\/h2>\n
\n

Have a great 4th of July weekend!<\/p>\n

Successful trading,<\/p>\n

Steve<\/p>\n

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

First, I would like to welcome our new subscribers, we got a bunch more this week. It looks to me like a lot more people are looking for sites to help them achieve their goals of making more money, and do it while staying at home. COVID-19 might have changed the world for ever! Today […]<\/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-7993","page","type-page","status-publish","hentry"],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/P75MP0-24V","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/7993","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=7993"}],"version-history":[{"count":1,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/7993\/revisions"}],"predecessor-version":[{"id":7994,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/7993\/revisions\/7994"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7993"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}