{"id":8058,"date":"2020-07-13T12:25:27","date_gmt":"2020-07-13T16:25:27","guid":{"rendered":"http:\/\/www.mainstbeatswallst.com\/?page_id=8058"},"modified":"2020-07-13T12:25:27","modified_gmt":"2020-07-13T16:25:27","slug":"started-my-week-with-a-few-trades","status":"publish","type":"page","link":"https:\/\/www.mainstbeatswallst.com\/?page_id=8058","title":{"rendered":"Started My Week With a Few Trades"},"content":{"rendered":"

I made a few trades this morning. I’m a little late on reporting them because I’ve been busy answering emails. I think with this COVID thing more and more people are trading options and a bunch of them found Main Street beats Wall Street<\/strong>. Keep em coming!<\/p>\n

To my trades. I have a few stocks I’m still holding because I wasn’t assigned on the Covered Calls on Friday. I’m holding 1000 shares of Micron (MU), 500 shares of United Airlines (UAL) and 1000 shares of Draftkings (DKNG). I was filled on Calls with MU and UAL but I’m still waiting to get filled on DKNG.<\/p>\n

7\/13\/20 \u2013 Sell to Open 10 MU 7\/17\/20 $52.00 C @ $1.20 (+$1200)<\/strong><\/p>\n

I’m in MU at $51.75. This is a nice 2.3% ROI.<\/p>\n

__________<\/p>\n

7\/13\/20 \u2013 Sell to Open 5 UAL 7\/17\/20 $36.00 C @ 50\u00a2 (+$250)<\/strong><\/p>\n

I’m in UAL at $36.50. This is a 1.4% ROI.<\/p>\n

These 2 Covered Calls get a Risk Factor 1<\/strong>\u00a0because they are previously own stock<\/p>\n

__________<\/p>\n

I also bought 1000 shares of Peloton (PTON) and sold a 10 contract Call for a premium of $2 for $2000.<\/p>\n

7\/13\/20 \u2013 Buy 1000 Shares PTON @ $68.50\u00a0<\/strong><\/p>\n

7\/17\/20 \u2013 Sell to Open 10 PTON 7\/17\/20 $2.00 (+$2000)<\/strong><\/p>\n

I only bought 1000 shares this week. I’m very worried with the way this market is moving. To quote Chairman Greenspan, There is “Irrational Exuberance.”\u00a0Irrational exuberance is unfounded market optimism that lacks a real foundation of fundamental valuation, but instead rests on psychological factors.<\/p>\n

I am worried and I don’t want to give back my gains! I did buy 1000 shares of PTON but last week I owned 3000. On these 1000 shares I’m considering a “Triple Play Hedge.” I would have to add 2 more Naked Calls. I’m watching to see how the day goes. This present Covered Call I give a Risk Factor 2<\/strong> because of my market worries.<\/p>\n

When I get worried I normally lean toward my favorite strategy which is Naked Calls. With Netflix at $564 I sold a 1 contract Naked Call. This trade is definitely a Risk Factor 5. This is a Naked Call on the hottest stock on the planet. However, it’s a 1 week Call and I went $85 Out-of-the-Money. And I still don’t feel safe! What worries me is NFLX reports earnings this Thursday. If they come up with good earnings I think some of the gains might already be priced into the stock. Clearly, I’ll be watching this very closely. This Call gave me a $9.03 premium for $903<\/p>\n

7\/17\/20 \u2013 Sell to Open 1 NFLX 7\/17\/20 $650.00 C @ $9.03 (+$903)\u00a0<\/strong><\/p>\n

I think this is a good start to the week and I have a lot more in my margin account. I’m trying to be careful!<\/p>\n

Successful trading,<\/p>\n

Steve<\/p>\n

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

I made a few trades this morning. I’m a little late on reporting them because I’ve been busy answering emails. I think with this COVID thing more and more people are trading options and a bunch of them found Main Street beats Wall Street. Keep em coming! To my trades. I have a few stocks […]<\/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-8058","page","type-page","status-publish","hentry"],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/P75MP0-25Y","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/8058","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=8058"}],"version-history":[{"count":1,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/8058\/revisions"}],"predecessor-version":[{"id":8059,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/8058\/revisions\/8059"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=8058"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}