I know this is only Monday, but it looks like this is shaping up to be another very nice week for my account. I’m talking about the premiums I’m bringing in! Who knows where the market will end up, and how my holdings will do. But I will lock in some nice premium money.<\/p>\n
I just sold 2 more Calls. The first is with Square. I bought 1000 shares on 9\/1 at $169, and have been selling Calls since. Today with the stock up I was filled on a 10 contract 10\/2\/20 $170 Call for a premium of $2.50 for $2500.<\/p>\n
Sell to Open 10 SQ 10\/2\/20 $170.00 C @ $2.50 (+$2500)<\/strong><\/p>\n This trade gets a Risk Fact 1. With the election coming I hope to get assigned.<\/p>\n Back on 8\/5 I wanted to get involved in gold. I felt, with the money being printed because of COVID, gold could be a good bet. Gold shot up since COVID started but it slowed down a bit. I bought 1000 shares of a gold mining stock, Vaneck Vector Gold Miners (GDX). I paid $45.22 per share. The stock is now at $38.60. I don’t like the way the stock is moving since I bought it but I like being involved in gold. Today I decided to bring in a premium while I wait for the stock to move. The premium will at least pay for my margin interest, and then some!<\/p>\n To get a decent premium I went out to Jan 15, 2021 with the Expiration Date. And went with the $46 Strike Price. I received a premium of $1.40 for $1400.<\/p>\n Sell to Open 10 GDX 1\/15\/21 $46.00 C @ $1.40 (+$1400)<\/strong><\/p>\n This longer term Covered Call also gets a Risk Factor 1<\/strong>.<\/p>\n I’m still trying to get Calls sold on my Apple and Nvidia shares.<\/p>\n Successful trading,<\/p>\n Steve<\/p>\n The Options Coach<\/em><\/p>\n","protected":false},"excerpt":{"rendered":" I know this is only Monday, but it looks like this is shaping up to be another very nice week for my account. I’m talking about the premiums I’m bringing in! Who knows where the market will end up, and how my holdings will do. But I will lock in some nice premium money. I […]<\/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-8931","page","type-page","status-publish","hentry"],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/P75MP0-2k3","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/8931","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=8931"}],"version-history":[{"count":1,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/8931\/revisions"}],"predecessor-version":[{"id":8932,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/8931\/revisions\/8932"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=8931"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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