{"id":9397,"date":"2020-11-25T12:31:40","date_gmt":"2020-11-25T17:31:40","guid":{"rendered":"http:\/\/www.mainstbeatswallst.com\/?page_id=9397"},"modified":"2020-11-25T12:31:40","modified_gmt":"2020-11-25T17:31:40","slug":"trades-with-sq-amd-nvda","status":"publish","type":"page","link":"https:\/\/www.mainstbeatswallst.com\/?page_id=9397","title":{"rendered":"Trades With SQ, AMD & NVDA"},"content":{"rendered":"

On Monday, With Square at $206 I sold 10 Contracts of the $215 Calls for a premium of $1.80. These Calls are Naked and will expire Friday. With the shortened trading week I felt confident this was a safe position.<\/p>\n

Today the stock is on a huge run. It was running high and it was moving fast! I decided to put in a buy order for the 1000 shares at $212. I was filled on the order. The stock continued up to $213 then backed off a little. It went up and down a few times and seemed to hit resistance at $213. With the stock coming down from the $213 area I decided to sell the stock and go Naked again. I sold at $212.90 locking in a $900 profit with a day trade.<\/p>\n

Buy 1000 Shares SQ @ $212.00<\/strong><\/p>\n

Sell 1000 Shares SQ @ $212.90<\/strong><\/p>\n

Profit +$900<\/strong><\/span><\/h4>\n

This might have been a crazy move but after looking at the charts it looked like it would stay below $213 and my Strike Price is $215. Remember, the market is closed tomorrow and only a half day on Friday. I looked at the last few Fridays after Thanksgiving and they were down days with low volume. It is Black Friday so I guess more people shop than trade! As I write the stock is at $211.45. If Square stays below my Strike of $215 through Friday this Call will expire. And locking in an additional $900 will make this a nice trade decision.<\/p>\n

\n

On 11\/5 I bought 10 contracts of the Advanced Micro Devices (AMD) 6\/18\/21 Calls. I spent $13.25 for a total of $13,250. In my post Bought AMD Calls<\/a><\/span>, I mentioned I wanted to be in the position for a week or 2, and make a dollar or 2. Well, I was in the position for 20 days, and I made $1500.<\/p>\n

11\/5\/20 \u2013 Buy to Open 10 AMD 6\/18\/21 $82.50 C @ $13.25<\/strong><\/p>\n

11\/25\/20 \u2013 Sell to Close 10 AMD 6\/18\/21 $82.50 C @ $14.75<\/strong><\/p>\n

Profit +$1500\u00a0<\/strong><\/span><\/h4>\n

I ended up staying a little longer and making a little less, but that’s OK. Making the $1500 on the $13,250 investment is an 11.3% return. I’m happy!<\/p>\n

If you look at the stock’s high of the day it was $87.84. I was really caught up watching all my Naked Calls, I lost track of AMD. If I was on top of it I would have been able to sell this position for an additional 50\u00a2 to make the $2000. This is the problem with watching too many positions. One can get away. Oh Well, I’m still happy!<\/p>\n

\n

On 11\/18 I bought 100 shares of Nvidia (NVDA) at $536.75 and another 200 shares on 11\/20 at $538. I now own 300 shares at an average of $537.58.<\/p>\n

Today the stock is up but still down about $10 from my buy-in price. With only the remainder of today and a half day Friday I decided to sell a 3 contract Call to bring in a few bucks. I sold 3 NVDA 11\/27\/20 $540 Calls for a premium of $1 for $300. If the stock had a crazy day on Friday and I get assigned I’ll keep the premium and make money on the stock. I said, “what the hell, I might as well grab the $300.” It will pay for my Thanksgiving meal lol.<\/p>\n

\u00a0Sell to Open 3 NVDA 11\/27\/20 $540.00 C @ $1.00 (+$300)<\/strong><\/p>\n

\n

With all my Naked Calls expiring Friday, I’m looking pretty good! Except for Tesla. I sold 2 $530 Naked Call when the stock was around $515. The freaked thing is up to $564! This will be a problem but I think I’ll be able to do a Roll-out and end up making money. The stock will definitely be above my strike Price of $530 at the close on Friday. Watch for my adjustment trade.<\/p>\n

Any questions, send me an email.<\/p>\n

Successful trading,<\/p>\n

Steve<\/p>\n

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

On Monday, With Square at $206 I sold 10 Contracts of the $215 Calls for a premium of $1.80. These Calls are Naked and will expire Friday. With the shortened trading week I felt confident this was a safe position. Today the stock is on a huge run. It was running high and it was […]<\/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-9397","page","type-page","status-publish","hentry"],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/P75MP0-2rz","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/9397","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=9397"}],"version-history":[{"count":1,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/9397\/revisions"}],"predecessor-version":[{"id":9400,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/9397\/revisions\/9400"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=9397"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}