{"id":1482,"date":"2016-04-16T12:29:45","date_gmt":"2016-04-16T16:29:45","guid":{"rendered":"http:\/\/www.mainstbeatswallst.com\/?p=1482"},"modified":"2016-04-16T12:29:45","modified_gmt":"2016-04-16T16:29:45","slug":"results-week-ending-41516","status":"publish","type":"post","link":"https:\/\/www.mainstbeatswallst.com\/?p=1482","title":{"rendered":"Results Week Ending 4\/15\/16"},"content":{"rendered":"

Another great week! In fact the best week this year for me. When you look at my results you are going to say, WOW! But there’s a few positions I’m worried about. 1 is with Facebook (FB) and the other is with U.S. Steel (X). It could work out that I give some of this weeks profits back to my opponent, Wall Street<\/strong>. I hope not, but only time will tell. I will explain all this weeks trades below and when writing about FB & X I will get into my concerns.<\/p>\n

All the trades exited this week involved Go Pro (GPRO), Netflix (NFLX), U.S. Steel (X) and Facebook (FB).<\/p>\n

GPRO<\/strong><\/h4>\n

First let’s take a look at GPRO. In early January I bought 2000 shares of GPRO to cover a Naked Call. The stock was moving up approaching my Strike Price and I had to cover the Call. I ended up buying the stock at $19.89 to cover a $20 Call. As soon as I bought the stock it reversed down and in the next few days it was down to the $11 range. At this point that Call expired and I kept the premium but I was stuck holding the stock at a much lower price. In this situation I had 2 choices. I could sell the stock at a huge lose or I could hold on for it to recover and sell some Calls to bring in some premium money. I did the latter. I sold a 4\/15\/16 $17 Call and brought in an $1100 premium. With the stock moving a little but well below the Strike Price, it expired yesterday.<\/p>\n

Expired 20 4\/15\/16 $17 C\u00a0<\/strong><\/h4>\n

Profit $1100<\/p>\n

I still own the stock and sold another 20 contract Call expiring 7\/15\/16. That premium was $1400<\/p>\n

\n

NFLX<\/strong><\/h4>\n

I previously owned 1000 shares of NFLX which I bought for $104.71. On Monday 4\/11 I sold 10 contracts of the $105 Calls expiring yesterday. This Call had a premium of $1.70 for a total of $1700. The stock made a big jump this week and I was assigned on my stock at $105 and the Call expired so I keep the premium of $1700. Please go to the blog post named “Stick to your guns<\/a><\/span>.” In this post I explain the “Opportunity Lost” I had in this trade. I do not worry about the Opportunity Lost, look at the week I had sticking to my guns.<\/p>\n

Sell 1000 shares NFLX @ $105<\/strong><\/h4>\n

Profit +$290<\/p>\n

Expired 10 NFLX 4\/15\/16 $105 C @ $1.70 (+$1700)<\/strong><\/h4>\n

Profit + $1700<\/strong><\/p>\n

Total Covered Call Profit +$1990<\/strong><\/h4>\n
\n

X<\/strong><\/h4>\n

On Monday 4\/4 I bought 5000 shares of U.S. Steel at $16.85. On Tuesday 4\/12 I sold a Covered Call. 50 contracts of the 4\/15\/16\/$18 Calls and got a premium of $.30 for a total of $1500. The stock just kept going up and yesterday is closed at $19.24. I was assigned the stock at $18 for a profit of $1.15. on 5000 shares thats $5750. Great trade!<\/p>\n

Sell 5000 shares X @ $18<\/strong><\/h4>\n

Profit +$ 5750<\/p>\n

The Call I sold on X Expired.<\/p>\n

Expired 50 X 4\/15\/16 $18 C @ $.30 (+$1500)<\/strong><\/h4>\n

Profit +$1500<\/p>\n

Total Covered Call Profit +$7250<\/strong><\/h4>\n

Above I mentioned a potential problem with U.S. Steel. This week I felt X was going to come down after a big jump. On Monday, 4\/11 I sold 50 4\/22\/16 $17 Naked Calls. I still hold these Naked Calls with the Strike Price of $17 to expire next Friday and the stock is up to $19.24. If the stock stays above $17 I have to deliver 5000 shares on Friday 4\/22. This could get interesting. Stay Tuned!<\/p>\n

\n

FB<\/strong><\/h4>\n

For my last position of the week I did a Covered Call on previously owned 1000 shares of FB. On 4\/5 I bought the 1000 shares of FB and sold a Call. That Call expired and on Tuesday the 12th I sold another Call. I sold 10 4\/15\/16 $113 Calls and got a premium of $.50 for a total of $500. I did not get assigned on these shares because FB went down a bit and closed at $109.64 yesterday. The Call expired and I still own the 1000 shares.<\/p>\n

Expired 10 4\/15\/16 $113 C @ $.50 (+$500)<\/strong><\/h4>\n

Profit +$500<\/p>\n

This is another position I’m worried about. I bought the 1000 shares at $113 and it’s down to $109.24. I don’t like the way FB has been moving and I’m getting a little concerned because earnings are coming and I’m down over $3. Right now the stock is down $3760 from where I bought and if they don’t hit the analyst estimates the stock can take a bit hit. I will be watching and worrying.<\/p>\n

\n

Total Weekly Profit +$10,840<\/strong><\/h4>\n

\u00a0<\/strong><\/p>\n

\n

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

\n

Steve<\/p>\n

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

Another great week! In fact the best week this year for me. When you look at my results you are going to say, WOW! But there’s a few positions I’m worried about. 1 is with Facebook (FB) and the other is with U.S. Steel (X). It could work out that I give some of this […]<\/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-1482","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-nU","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/1482","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=1482"}],"version-history":[{"count":1,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/1482\/revisions"}],"predecessor-version":[{"id":1483,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/1482\/revisions\/1483"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1482"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1482"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1482"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}