I have only been reporting Grasshopper Trades lately. I’m reporting a Peloton Trade (PTON) because I don’t have much to report and I just wanted to let you know I’m alive and well.<\/p>\n
I just sold 15 contracts of the PTON 7\/23\/21 $121 Call for a premium of $1.50 for $2250.<\/p>\n
<\/p>\n
Sell to Open 15 PTON 7\/23\/21 $121.00 C @ $1.50 (+$2250)<\/strong><\/p>\n <\/p>\n Believe it or not I’m having a great day on one of the worst days of the year. The question is why? Well, the reason is some of my stocks are up. For starters, I own 1500 shares of Peloton and the stock is up $6.50 as I write.<\/p>\n Another big one is Nvidia (NVDA). I\u2019m in the stock because of the split at the end of today. I own options as my split strategy. As I write the stock is up $32.<\/p>\n As I write the DOW is down 783, the NASDAQ is down 185 and the S&P down 76. This is a very bad day so with my account up I feel very blessed.<\/p>\n CNBC is reporting the market is down because of COVID concerns. I\u2019m not a believer in this report! I believe the market is down because of the policies and spending of this administration. I think the \u201cBig Boys,\u201d with big profits in the books, are starting to bail out. I think the fund managers are worried where this economy might go. I do not think inflation is \u201ctransitory.\u201d I think it\u2019s here to stay. I believe this will be a problem for the market. Only time will tell! You might see me selling more Naked Call Options. This will curtail my Grasshopper Trades. If I make less Grasshopper Trades I report my Master Trades to keep you in the loop of what I\u2019m doing.<\/p>\n <\/p>\n Successful trading,<\/p>\n Steve<\/p>\n The Options Coach<\/em><\/p>\n","protected":false},"excerpt":{"rendered":" I have only been reporting Grasshopper Trades lately. I’m reporting a Peloton Trade (PTON) because I don’t have much to report and I just wanted to let you know I’m alive and well. I just sold 15 contracts of the PTON 7\/23\/21 $121 Call for a premium of $1.50 for $2250. Sell to Open […]<\/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-11938","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\/p75MP0-36y","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/11938","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=11938"}],"version-history":[{"count":2,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/11938\/revisions"}],"predecessor-version":[{"id":11940,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/11938\/revisions\/11940"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11938"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11938"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11938"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}