I had an extremely busy day, and quite stressful! Appointments, phone calls, business meetings, trading, I didn’t stop all day long.<\/p>\n
About a month ago I bought a new, professional espresso machine. Today was “National Espresso Day” lol. go figure! There’s a holiday for everything. Well, before the end of the trading, to complicate my day, my house was invaded by friends for espresso lol.<\/p>\n
At this point I had a bunch of trades placed but not filled. While we were drinking espresso my orders started getting filled. I did not have time to report the trades so I’m doing it now. I already reported 3 trades earlier, and here are 4 more that were filled during my coffee hour.<\/p>\n
This has been a crazy November. It could end up being the biggest November DOW move since the 1980’s. How much more can it go? With this monster move I decided to sell some Naked Calls thinking it might stop. The Naked Call trades below are all electric car makers. They are all a bit Out-of-the-Money for a little comfort but can be In-the-Money very easily. I will watch them closely and I’m ready to cover at any time.<\/p>\n
Sell to Open 2 TSLA 11\/27\/20 $530.00 C @ $10.00 (+$2000)<\/strong><\/p>\n Sell to Open 10 NKLA 11\/27\/20 $31.00 C @ 65\u00a2 (+$650)<\/strong><\/p>\n Sell to Open 10 NIO 11\/27\/20 $60.00 C @ $1.00 (+$1000)<\/strong><\/p>\n The electric car makers are all hot. I hope they start cooling off tomorrow morning. If not I’ll be covering these Calls. But in the meantime all these trades get a Risk Factor 5<\/strong>.<\/p>\n I own 400 shares of Zoom (ZM). I bought the shares at different times and my average cost is $508 per share. The stock is down from that so I’m bringing in what I can. I sold 4 ZM 11\/27\/20 $510 Calls for a premium of $1 for $400. I didn’t want to go to the Strike of $510 but this stock can be a big mover any time. If I picked a lower Strike Price for a better premium there’s a chance of getting assigned at a price lower than my buy-in price making to lose money on the stock sale.<\/p>\n Sell to Open 4 ZM 11\/27\/20 $510.00 C @ $1.00 (+$400)<\/strong><\/p>\n I’ll take the $400 while I wait for the stock to rebound. This is a Covered Call on previously owned stock so the trade gets a Risk Factor 1<\/strong>.<\/p>\n Successful trading,<\/p>\n Steve<\/p>\n The Options Coach<\/em><\/p>\n","protected":false},"excerpt":{"rendered":" I had an extremely busy day, and quite stressful! Appointments, phone calls, business meetings, trading, I didn’t stop all day long. About a month ago I bought a new, professional espresso machine. Today was “National Espresso Day” lol. go figure! There’s a holiday for everything. Well, before the end of the trading, to complicate my […]<\/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-9386","page","type-page","status-publish","hentry"],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/P75MP0-2ro","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/9386","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=9386"}],"version-history":[{"count":2,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/9386\/revisions"}],"predecessor-version":[{"id":9390,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/9386\/revisions\/9390"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=9386"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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