{"id":9625,"date":"2020-12-19T12:17:56","date_gmt":"2020-12-19T17:17:56","guid":{"rendered":"http:\/\/www.mainstbeatswallst.com\/?page_id=9625"},"modified":"2020-12-19T12:20:32","modified_gmt":"2020-12-19T17:20:32","slug":"results-week-ending-12-18-20","status":"publish","type":"page","link":"https:\/\/www.mainstbeatswallst.com\/?page_id=9625","title":{"rendered":"Results Week Ending 12\/18\/20"},"content":{"rendered":"

If my weekly reports are not yet sounding repetitive and boring, this week’s might do it for you. Main Street beats Wall Street<\/strong> was developed as a learning site; to teach with articles and actual trades. I want to show the readers every trade I make as I make them. Show the readers that money can be made – good money – in the option’s market. Along with my trades I send out a weekly report explaining my trades of the week, and how they did. It seems like every weekly report is reporting the same success, week after week. I ask you not to get jaded because this week’s report is more of the same. Use these reports to fire up your enthusiasm, not get bored. I know the size of my trades are getting bigger, but my account is getting bigger. It’s very hard to manage a lot of trades, so to keep the number of trades down my trades must be bigger.<\/p>\n

Starting the 1st of the year I will have a “Grasshopper Trades” page. This page will list all of my smaller trades. I will be making smaller trades for the readers to continue on the original mission of Main Street beats Wall Street<\/strong>. These will be trades the readers who are learning, and have smaller accounts, will be able to identify with. Trades that are doable with smaller accounts. I will still list all my trades, but the trades I feel will be good for newer traders, or traders with smaller accounts, will be listed on the new “Grasshopper Trades” page.<\/p>\n

Let’s get to another repetitive report. This week is actually one of my favorite weeks of the year. I did not lock in as much as the past few months, but I was assigned on 3 big positions, my account went up a lot, my Year to Date (YTD) performance went up a lot, I prepared myself for a great January and I still locked in $8660.<\/p>\n

I was assigned on 1000 shares of NEO at $45, 200 shares of NVDA at $530 and 1000 shares of AMD at $95. This money back in my margin gives me a lot to work with this coming week. What I’m gonna do is not determined yet, but I’ll be doing something.<\/p>\n

As a result of getting assigned, which is because the stocks went up, and other stocks, options and LEAPS going up my account went up $80,000 since my last weekly report. This is crazy! Peloton went up from $117 to $140 just this week. I owned 2000 shares the entire week, and 4000 shares half the week. Apple started moving. Remember, I still have 8 LEAPS contracts from the split. Inseego started moving. I own a 20 contract LEAPS. Draftkings popped a few dollars, Micron came down a few dollars which I’m Short 1000 shares on. And a few other positions moved up a small amount.<\/p>\n

My YTD performance was at 217% when I wrote my 2020 Year to Date (YTD) Report<\/a><\/span> just 6 days ago. Today my YTD performance is at 252%.<\/p>\n

Believe it or not, I only locked in $8660 because I pulled in the reins. I feel I’ll be paying enough taxes this year so I want to push profit to next year. I guess this is a good problem to have! Take a look at my Active Trades\/Current Positions<\/a><\/span> page. Go to Active Positions. You will see a bunch of Covered Call positions I pushed out to 1\/15\/21 so the profit will go toward 2021. I have Covered Calls with GDX, DKNG, INSG, NKLA, PTON and PLTR all expiring the second week in January. I predict I’ll have a very good start to the new year. All of these Calls I could have had expire sometime in December, but as I said, I’m pushing trades to January.<\/p>\n

Please do not get Jaded and tired of my repetitive winning weeks. I’m printing this to inspire you to learn options trading and get on the road to making a lot of money yourself. I’m here for you!<\/p>\n

Below are this week’s trades:<\/p>\n

Peloton<\/strong><\/p>\n

This was a day trade. I was in for about 3 hours and decided to take the profit. I should have stayed in!<\/p>\n

12\/14\/20 \u2013 Buy 1000 Shares PTON @ $124.00<\/strong><\/p>\n

12\/15\/20 \u2013 Sell 1000 Shares PTON @ $126.15 <\/strong><\/p>\n

Profit +$2150<\/strong><\/span><\/h4>\n
\n

Neogenomics<\/strong><\/p>\n

I got into this Covered Call back on 11\/20. I felt the stock was gonna move, which it did. I’m no genius, everything’s moving! I was assigned.<\/p>\n

11\/20\/20 \u2013 Buy 1000 Shares NEO @ $44.95<\/strong><\/p>\n

12\/18\/20 \u2013 Assigned 1000 Shares NEO @ $45.00<\/strong><\/p>\n

Profit +$50<\/strong><\/span><\/h4>\n

11\/20\/20 \u2013 Sell to Open 10 NEO 12\/18\/20 $45.00 C @ $ 2.05 (+$2050)<\/strong><\/p>\n

12\/18\/20 \u2013 Expired 10 NEO 12\/18\/20 $45.00 C <\/strong><\/p>\n

Profit +$2050<\/strong><\/span><\/h4>\n
\n

Nvidia<\/strong><\/p>\n

I did a 2 contract Covered Call and was assigned.<\/p>\n

12\/14\/20 \u2013 Buy 200 Shares NVDA @ $529.00<\/strong><\/p>\n

12\/18\/20 \u2013 Assigned 200 Shares NVDA @ $530.00<\/strong><\/p>\n

\u00a0Profit +$200<\/strong><\/span><\/h4>\n

12\/14\/20 \u2013 Sell to Open 2 NVDA 12\/18\/20 $530.00 C @ $8.00 (+$1600)<\/strong><\/p>\n

12\/18\/20 \u2013 Expired 2 NVDA 12\/18\/20 $530.00 C<\/strong><\/p>\n

Profit +$1600<\/strong><\/span><\/h4>\n
\n

Workhorse<\/strong><\/p>\n

A Covered Call without assignment. Nice premium for a $21 stock.<\/p>\n

12\/14\/20 \u2013 Sell to Open 10 WKHS 12\/18\/20 $22.00 C @ 80\u00a2 (+$800)<\/strong><\/p>\n

12\/18\/20 \u2013 Expired 10 WKHS 12\/18\/20 $22.00 C<\/strong><\/p>\n

Profit +$800<\/strong><\/span><\/h4>\n
\n

Advanced Micro Devices<\/strong><\/p>\n

A Covered Call with assignment.<\/p>\n

12\/2\/20 \u2013 Buy 1000 Shares AMD @$94.75<\/strong><\/p>\n

12\/18\/20 \u2013 Assigned 1000 Shares AMD @ $95.00 <\/strong><\/p>\n

Profit +$250<\/strong><\/span><\/h4>\n

12\/14\/20 \u2013 Sell to Open 10 AMD 12\/18\/20 $95.00 C @ $1.20 (+$1200)<\/strong><\/p>\n

12\/18\/20 \u2013 Expired 10 AMD 12\/18\/20 $95.00 C <\/strong><\/p>\n

Profit +$1200<\/strong><\/span><\/h4>\n
\n

Palantir<\/strong><\/p>\n

A CoveredCall without assignment. This was a 1 day trade. I already sold a 20 contract Call with these shares to expire 1\/15\/21.<\/p>\n

Even with my account growing I still like bringing in whatever premium I can.<\/p>\n

12\/17\/20 \u2013 Sell to Open 20 PLTR 12\/18\/20 $29.00 C @ 18\u00a2 (+$360)<\/strong><\/p>\n

12\/18\/20 \u2013 Expired 20 PLTR 12\/18\/20 $29.00 C <\/strong><\/p>\n

\u00a0Profit +$360<\/strong><\/span><\/h4>\n
\n

Total Weekly Gain +$8660<\/strong><\/h2>\n
\n

If you have any questions on a trade or a strategy send me an email.<\/p>\n

Keep studying, you can do this!<\/p>\n

Have a great weekend!<\/p>\n

Successful trading,<\/p>\n

Steve<\/p>\n

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

If my weekly reports are not yet sounding repetitive and boring, this week’s might do it for you. Main Street beats Wall Street was developed as a learning site; to teach with articles and actual trades. I want to show the readers every trade I make as I make them. Show the readers that money […]<\/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-9625","page","type-page","status-publish","hentry"],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/P75MP0-2vf","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/9625","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=9625"}],"version-history":[{"count":3,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/9625\/revisions"}],"predecessor-version":[{"id":9628,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/9625\/revisions\/9628"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=9625"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}