On 6\/14 I bought 200 shares of 3D Systems (DDD) at $29.50 and sold 2 contracts of the $29.50 Calls. I was not assigned because the stock dropped back on the horrendous Friday 6\/18 we had. As I write the stock is at $28.55, up 60\u00a2 and the market is fully recovered from last Friday.<\/p>\n
After doing some research on DDD I decided to buy another 300 shares.\u00a0<\/span><\/p>\n Buy 300 Shares DDD @ $28.58<\/strong><\/p>\n I now own 500 shares of the stock. I can get a nice premium right now but after looking at the candlestick chart I decided to wait another day.<\/p>\n One of the reasons you do technical analysis is to see if a stock will move as it did in the past. Basically looking for situations where history will repeat itself. While looking at the candlestick chart, moving averages and the Bollinger Bands, I feel DDD will be going up this week, maybe even tomorrow. Of course I could be wrong but I think I saw enough to hold the stock another day or 2 before I sell a Call. Only time will tell.\u00a0<\/span><\/p>\n Always remember technical analysis is not a science. It\u2019s a way of studying a stock and hopefully with what you see you can make a more educated guess on the direction a stock might take. I feel, with what I see, DDD will be going up.<\/p>\n While I\u2019m writing, let me give you a few more trades I made today. These are Master Trades.\u00a0<\/span><\/p>\n With SKLZ and NIO I made 10 contracts trades against shares previously owned.<\/p>\n 6\/14\/21 \u2013 Buy 1000 Shares SKLZ @ $20.00<\/strong><\/p>\n 6\/21\/21 \u2013 Sell to Open 10 SKLZ 6\/25\/21 $20.00 C @ 65\u00a2 (+$650)<\/strong><\/p>\n __________<\/p>\n 6\/14\/21 \u2013 Buy 1000 Shares NIO @ $46.25<\/span><\/strong><\/p>\n 6\/21\/21 \u2013 Sell to Open 10 NIO 6\/25\/21 $47.00 C @ $1.15 (+$1150)<\/strong><\/p>\n With WISH I bought 1000 shares and sold an In-the-Money Covered Call. I bought the stock at $12.75 and sold 10 contracts of the $12 Calls<\/p>\n 6\/21\/21 \u2013 Buy 1000 Shares WISH @ $12.75<\/strong><\/p>\n 6\/21\/21 \u2013 Sell to Open 10 WISH 6\/25\/21 $12.00 C @ 1.55 (+$1550)<\/strong><\/p>\n This premium is 12.1%. If I get assigned I\u2019ll lose 75\u00a2 on the stock sale but my gain will still be 8.2%. I do In-the-Money Covered Call to help get assigned.<\/p>\n If you have any questions on this strategy send me an email.<\/p>\n <\/p>\n Successful trading,<\/p>\n Steve<\/p>\n The Options Coach<\/em><\/p>\n","protected":false},"excerpt":{"rendered":" On 6\/14 I bought 200 shares of 3D Systems (DDD) at $29.50 and sold 2 contracts of the $29.50 Calls. I was not assigned because the stock dropped back on the horrendous Friday 6\/18 we had. As I write the stock is at $28.55, up 60\u00a2 and the market is fully recovered from last Friday. […]<\/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-11751","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\/p75MP0-33x","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/11751","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=11751"}],"version-history":[{"count":5,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/11751\/revisions"}],"predecessor-version":[{"id":11756,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/11751\/revisions\/11756"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11751"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11751"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11751"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}