I had physical therapy this afternoon on my surgically repaired shoulder. Before I left my home I entered 3 trade orders. I was filled on 2. I placed orders to sell Calls against my Palantir (PLTR) and Zoom (ZM) shares. I was filled on PLTR. I also placed an order to buy 1 Tesla Call to expire next January. I was filled on that order. I’m still waiting on my ZM order.<\/p>\n
On 11\/25 I bought 2000 shares of PLTR at $28.40, and have been selling Calls since. Yesterday I sold 20 12\/18\/20 $29 Calls for a premium of 18\u00a2 ($360). Today PLTR is down and I won’t get assigned on this Call. Instead of waiting until Monday I sold my next Call today. In sticking to my strategy of moving any more profit to next year, I sold 20 PLTR1\/15\/21 $29 Calls for a premium of $2.15 for $4300. This is a stupendous premium for a $26 stock. I could have moved my Strike Price a little higher but I decided to stick with the $29 Call, and the higher premium, because PLTR received a downgrade from Credit Suisse today. I decided to be happy with the $4300 premium and a better chance of being assigned.<\/p>\n
Sell to Open 20 PLTR 1\/15\/20 $29.00 C @ $2.15 (+$4300)<\/strong><\/p>\n This position will expire in a month and I received a Return on Investment of 7.5%. This trade gets a Risk Factor 1<\/strong>.<\/p>\n Tesla was up today at the open. The stock enters the S&P 500 at the close today. The stock has been moving up a lot lately and I think it can get a pop next week entering the S&P.<\/p>\n Before I left to go to physical therapy the stock was pulling back. I decided to enter an order to buy 1 TSLA 1\/21\/22 $670 LEAPS. I entered a premium of $175. When I returned home I was filled.<\/p>\n Buy to Open 1 TSLA 1\/21\/22 $670.00 C @ $175.00\u00a0<\/strong><\/p>\n As I write the stock is up about $15 from when I placed the order and the premium for my Call is up to $185. I could sell right now for a $1000 profit but I think I’ll wait until Monday. I hope this will not be a case of “buy the rumor, sell the news.” But if it is I still own the Call until next January. I feel pretty safe. This trade also gets a Risk Factor 1.<\/strong><\/p>\n Let me know if you have any questions on LEAPS.<\/p>\n I’ll let you know if I’m filled on my Zoom trade.<\/p>\n Successful trading,<\/p>\n Steve<\/p>\n The Options Coach<\/em><\/p>\n","protected":false},"excerpt":{"rendered":" I had physical therapy this afternoon on my surgically repaired shoulder. Before I left my home I entered 3 trade orders. I was filled on 2. I placed orders to sell Calls against my Palantir (PLTR) and Zoom (ZM) shares. I was filled on PLTR. I also placed an order to buy 1 Tesla Call […]<\/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-9613","page","type-page","status-publish","hentry"],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/P75MP0-2v3","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/9613","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=9613"}],"version-history":[{"count":3,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/9613\/revisions"}],"predecessor-version":[{"id":9616,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/9613\/revisions\/9616"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=9613"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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