I’m starting to exit positions which will bring a conclusion to my split strategy. With Apple doing a 4:1 and Tesla doing a 5:1, I have a lot of positions to exit. I exited 2, but have a few more orders in. I’ll post as soon as I get filled.<\/p>\n
The first position I closed was a 4 contract Apple position. If you read my post reporting me buying a short term Call with Apple, you know I bought a 9\/18\/20 Call while I was teaching a student. He could not afford a position going further out with the Expiration Date, but he wanted to get in on the action. When he bought this position I also bought to go along for the ride to give emotional support. This is the first position I wanted out of because of the Time Decay worries. If the stock took a dip this position would become a loser. I put in an order to sell making a $1 profit and I was filled.<\/p>\n
I got into this position before the split and exited today. I bought 1 contract and sold 4.<\/p>\n
Apple Post 4:1 Split “Sell to Close”<\/strong><\/p>\n 8\/27\/20 \u2013 Buy to Open 1 AAPL 9\/18\/20 $510.00 C @ $23.75<\/strong><\/p>\n 8\/31\/20 \u2013 Sell to Close 4 AAPL 9\/18\/20 $127.50 C @ $6.95 <\/strong><\/p>\n I was in this trade for 1 day for a 16.8% Return.<\/p>\n This trade with Tesla could be the “crown jewel” trade of my career. This is a great example of the money you can make using the correct stock splitting strategy. I’m in this trade for less than 2 weeks. I invested $34,500 on a 1 contract Call, and sold the 5, post split contracts, for $41,500. This is a 120% return.<\/p>\n Tesla Post 5:1 Split “Sell to Close”<\/strong><\/p>\n 8\/18\/20 \u2013 Buy to Open 1 TSLA 1\/15\/21 $1900.00 C @ $345.00<\/strong><\/p>\n 8\/31 20 \u2013 Sell to Close 5 TSLA 1\/15\/20 $380.00 C @ $152.00<\/strong><\/p>\n This might be my best trade ever, but I still have a lot more on the chopping block.<\/p>\n Clearly this trade gave me my best week ever, and it’s only Monday!<\/p>\n Remember, with Main Street beats Wall Street<\/strong> I post trades as I make them. Not last week’s or last month’s trades. You can learn a lot from this site!<\/p>\n Successful trading,<\/p>\n Steve<\/p>\n The Options Coach.<\/p>\n","protected":false},"excerpt":{"rendered":" I’m starting to exit positions which will bring a conclusion to my split strategy. With Apple doing a 4:1 and Tesla doing a 5:1, I have a lot of positions to exit. I exited 2, but have a few more orders in. I’ll post as soon as I get filled. The first position I closed […]<\/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-8673","page","type-page","status-publish","hentry"],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/P75MP0-2fT","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/8673","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=8673"}],"version-history":[{"count":3,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/8673\/revisions"}],"predecessor-version":[{"id":8678,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/8673\/revisions\/8678"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=8673"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Profit $400<\/strong><\/span><\/h4>\n
\n Profit +$41,500<\/strong><\/span><\/h4>\n