{"id":10022,"date":"2021-01-15T10:49:05","date_gmt":"2021-01-15T15:49:05","guid":{"rendered":"http:\/\/www.mainstbeatswallst.com\/?p=10022"},"modified":"2021-01-15T14:33:30","modified_gmt":"2021-01-15T19:33:30","slug":"grasshopper-trade-with-pltr","status":"publish","type":"post","link":"https:\/\/www.mainstbeatswallst.com\/?p=10022","title":{"rendered":"Grasshopper Trade With PLTR"},"content":{"rendered":"

Readers, you know I was in Boston last weekend, and I was driving home on Monday. Well, before I left my hotel I placed an order to buy 100 shares of Palantir (PLTR) at $25.95. When I was getting ready to leave the stock was teetering between $26.10 and $26. As I was packing up my computer I decided to place the order at $25.95 figuring it might fluctuate down to that point. You really shouldn\u2019t play with pennies but I figured I wanted the stock for a Grasshopper trade so every little bit helps.<\/p>\n

It turned out that while I was driving I was filled on that order. I didn\u2019t have a good internet connection while driving so I didn\u2019t notice I was filled.<\/p>\n

The next day, on Tuesday, I had so much work to do I still didn\u2019t notice this trade exception. When I finally noticed I owned the extra 100 shares of PLTR I forgot to report the trade. Below is my trade notification.<\/p>\n

\"\"<\/a><\/p>\n

The stock moved below my buy-in price and I never got to make my Grasshopper Covered Call trade this week.<\/p>\n

Today the stock is up. With the stock at $27.80 I felt the stock won\u2019t hold that level so I decided to sell the elusive 1 contract trade I wanted to make since I placed the order to buy the stock in my hotel room.<\/p>\n

This morning I placed an order to sell 1 PLTR 1\/15\/21 $28 Call for a premium 50\u00a2. Notice the Expiration Date, It\u2019s today!<\/p>\n

Below in the order form for the stock buy and the selling of the Call.<\/p>\n

1\/11\/21 \u2013 Buy 100 Shares PLTR @ $25.95<\/strong><\/p>\n

1\/15\/21 \u2013 Sell to Open 1 PLTR 1\/15\/21 $28.00 C @ 51\u00a2 (+$51)<\/strong><\/p>\n

This is a Covered Call on a stock I like so the trade gets a Risk Factor 1<\/strong>.<\/p>\n

This option is a 1 day trade and I received a premium of 1.9%. Since I felt the stock won\u2019t hold the high of the day, I doubt I\u2019ll get assigned on these shares. We\u2019ll have to watch and see. The option expires today at the close.<\/p>\n

This is a nice 1 day Grasshopper trade.<\/p>\n

Successful trading,<\/p>\n

Steve<\/p>\n

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

Readers, you know I was in Boston last weekend, and I was driving home on Monday. Well, before I left my hotel I placed an order to buy 100 shares of Palantir (PLTR) at $25.95. When I was getting ready to leave the stock was teetering between $26.10 and $26. As I was packing up […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false},"version":2}},"categories":[1],"tags":[],"class_list":["post-10022","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75MP0-2BE","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/10022","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"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=10022"}],"version-history":[{"count":2,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/10022\/revisions"}],"predecessor-version":[{"id":10024,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/10022\/revisions\/10024"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10022"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10022"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10022"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}