Trade History 2020<\/a><\/span>.” Look at week’s ending 10\/30\/20 and 11\/6\/20. Both last week, with the market down 2000 points, and this week, with the market up 2000 points, I made the same, $14,800. Trades were completely different in the amount of trades, and size of trades. Also this week I was assigned on a lot of positions. Both weeks $14,800! This makes me very happy! This lets me know that it’s possible, with the correct management of a margin account, I can make money if the market goes up or down.<\/p>\nWhen looking at this week’s trades you will see I was assigned on shares of Nvidia, Peloton, Square and Apple. This leaves me with a huge margin Buying Power account. What will I do? Who knows? Only time will tell.<\/p>\n
One thing I want to say about this week’s assignments using Nvidia as an example. I bought Nvidia back on 9\/1. I’ve been selling Calls every week without assignment. With Nvidia making big moves from $550 down to $500 and back again, without assignment, it’s hard to see the good your big premiums are doing to your account. If I bring in a $10,000 premium but the stock goes down $20,000 it’s a little hard to celebrate. The last two months I brought in about $40,000 in premiums with Nvidia. This week, finally getting assigned at a Strike Price above my buy-in price, meaning I’m out of the stock making money. I can finally take a look at the $40,000 in premiums and celebrate. After two months I’m completely out of Nvidia and I can stuff the 40 grand into my mattress with total confidence I’m not giving any back with a loss on the stock. This series of trades is over! This is what makes me different from other traders. I like assignments! Take my stock, I don’t want it!<\/p>\n
There’s a lot of trades this week, let’s take a look.<\/p>\n
Nextera Energy<\/strong><\/p>\nI bought 2 contracts of this option on the split announcement. Sold this week.<\/p>\n
Post 4:1 Split \u201cSell to Close\u201d<\/p>\n
9\/15\/20 \u2013 Buy to Open 2 NEE 1\/15\/21 $300.00 C @ $17.90<\/strong><\/p>\n11\/3\/20 \u2013 Sell to Close 8 NEE 1\/15\/20 $75.00 C @ $5.10 <\/strong><\/p>\nProfit +$500<\/strong><\/span><\/h4>\n
\nZoom<\/strong><\/p>\nSold some Calls and got out the same day.<\/p>\n
11\/4\/20 \u2013 Sell to Open 3 ZM 11\/6\/20 $520.00 C @ $1.50 (+$450)<\/strong><\/p>\n11\/4\/20 \u2013 Buy to Close 2 ZM 11\/6\/20 $520.00 C @ 80\u00a2 (-$240) <\/strong><\/p>\n\u00a0Profit $+210<\/strong><\/span><\/h4>\n
\nNvidia<\/strong><\/p>\nAfter 2 months I was assigned on my 1000 shares of Nvidia as a result of this Covered Call.<\/p>\n
Assigned Covered Call<\/p>\n
9\/1\/20 \u2013 Buy 1000 Shares NVDA @ $553.85<\/strong><\/p>\n11\/6\/20 \u2013 Assigned 1000 Shares MVDA @ $555.00 <\/strong><\/p>\nProfit +$2150<\/strong><\/span><\/h4>\n11\/3\/20 \u2013 Sell to Open 10 NVDA 11\/6\/20 $555.00 C @ $1.40 (+$1400)<\/strong><\/p>\n11\/6\/20 \u2013 Expired 10 NVDA 11\/6\/20 $555.00 C<\/strong><\/p>\nProfit +$1400<\/strong><\/span><\/h4>\n
\nApple<\/strong><\/p>\nAfter 6 week I was assigned on this Apple Covered Call.<\/p>\n
Assigned Covered Call<\/p>\n
9\/15\/20 \u2013 Buy 1000 Shares AAPL @ $117.50<\/strong><\/p>\n11\/6\/20 \u2013 Assigned 1000 Shares AAPL @ $118.00 <\/strong><\/p>\nProfit +$500<\/strong><\/span><\/h4>\n11\/4\/20 \u2013 Sell to Open 10 AAPL 11\/6\/20 $118.00 C @ 25\u00a2 (+$250)<\/strong><\/p>\n11\/6\/20 \u2013 Expired 10 AAPL 11\/6\/20 $118.00 C <\/strong><\/p>\nProfit +$250<\/strong><\/span><\/h4>\n
\nPeloton<\/strong><\/p>\nThis Covered Call expired without assignment.<\/p>\n
11\/4\/20 \u2013 Sell to Open 10 PTON 11\/6\/20 $139.00 C @ 60\u00a2 (+$600)<\/strong><\/p>\n11\/6\/20 \u2013 Expired 10 PTON 11\/6\/20 $139.00 C <\/strong><\/p>\nProfit +$600<\/strong><\/span><\/p>\n
\nZoom<\/strong><\/p>\nCovered Call without assignment.<\/p>\n
11\/4\/20 \u2013 Sell to Open 4 ZM 11\/6\/20 $510.00 C @ $1.60 (+$640)<\/strong><\/p>\n11\/6\/20 \u2013 Expired 4 ZM 11\/6\/20 $510.00 C<\/strong><\/p>\nProfit +$640<\/strong><\/span><\/h4>\n
\nPeloton<\/strong><\/p>\nAnother Covered Call without assignment.<\/p>\n
11\/4\/20 \u2013 Sell to Open 10 PTON 11\/6\/20 $134.00 C @ $1.05 (+$1050)<\/strong><\/p>\n11\/6\/20 \u2013 Expired 10 PTON 11\/6\/20 $134.00 C <\/strong><\/p>\n\u00a0Profit +$1050<\/strong><\/span><\/h4>\n
\nPeloton<\/strong><\/span><\/p>\nWith earnings coming I did a 2 day 500 shares\/5 contract Buy-Write. With COVID I felt Peloton would have a good report. This was a great 2 day, $3500 trade.<\/p>\n
Assigned Covered Call<\/p>\n
11\/5\/20 \u2013 Buy 500 Shares PTON @ $119.00<\/strong><\/p>\n11\/6\/20 \u2013 Assigned 500 Shares PTON @ $120.00<\/strong><\/p>\n\u00a0Profit +$500<\/strong><\/span><\/h4>\n11\/5\/20 \u2013 Sell to Open 5 PTON 11\/6\/20 $120.00 C @ $6.00 (+$3000)<\/strong><\/p>\n11\/6\/20 \u2013 Expired 5 PTON 11\/6\/20 $120.00 C <\/strong><\/p>\n\u00a0Profit +$3000<\/strong><\/span><\/h4>\n
\nSquare<\/strong><\/p>\nAfter great earnings I made a same day trade. The morning of Expiration Day I bought 1000 shares of Square at $184 and sold a 10 contract $185 Call for the great premium of $3000. I felt very strongly I would have an Opportunity Lost but I got into this trade for the premium and the $1000 stock gain. The market closed 6 hours later and as expected I was assigned.<\/p>\n
Assigned Covered Call<\/p>\n
11\/6\/20 \u2013 Buy 1000 Shares SQ Q $184.00<\/strong><\/p>\n11\/6\/20 \u2013 Assigned 1000 Shares SQ @ $185.00 <\/strong><\/p>\nProfit +$1000<\/strong><\/span><\/h4>\n11\/6\/20 \u2013 Sell to Open 10 SQ 11\/6\/20 $185.00 C @ $3.00 (+$3000)<\/strong><\/p>\n11\/6\/20 \u2013 Expired 10 SQ 11\/6\/20 $185.00 C <\/strong><\/p>\nProfit +$3000<\/strong><\/span><\/h4>\n
\nTotal Weekly Gain +$14,800<\/strong><\/h2>\n
\nThis week was the same as last week but I feel much better this week. I was assigned on 4 positions. I’m ready for Monday morning! Let’s see how it goes.<\/p>\n
Have a great weekend! The weather is beautiful here in NYC.<\/p>\n
Successful trading,<\/p>\n
Steve<\/p>\n
The Options Coach<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"When it comes to the market, the last two weeks were the complete opposite. As I look at the candlestick chart from, Monday Oct 23rd to Friday Nov 6th, two complete weeks, the candlestick chart is a perfect “V” shape. Let me talk about a few observations. Let’s start with the left side, or the […]<\/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-9258","page","type-page","status-publish","hentry"],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/P75MP0-2pk","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/9258","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=9258"}],"version-history":[{"count":3,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/9258\/revisions"}],"predecessor-version":[{"id":9262,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/9258\/revisions\/9262"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=9258"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}