I’m a little late with this report. This weekend I had a birthday and I went to my daughter’s house in Pennsylvania for 3 days. I will continue the celebration today, I’m traveling to Texas to visit a few of their great cities. I’ll fly into Dallas to visit with an old FDNY friend who was also a member of the NYC Fire Dept. basketball team. I’ll stay there a few days before I drive to Austin and possibly San Antonio. I’ll be back home in my office in NYC next Wednesday. I know how to celebrate my birthday!<\/p>\n
I’ll be on my email and I’ll be watching the market but I probably won’t make too many post.<\/p>\n
Let’s see how I did last week with my 2 trades that came to an end. 1 was with RH and the other was with Micron (MU).<\/p>\n
RH<\/span><\/strong><\/p>\n I owned 2000 shares of RH and have been selling Calls against these shares for a while now. I had a 20 contract Call which expired this Friday. This Call gave me a premium of $1.00 for a total of $2000. With the expiration of the Call I keep the $2000 and I keep my stock. I’m late with this post because of my birthday weekend and it’s now Monday afternoon. This morning I sold my shares of RH. Here’s the “Sell to Open” and the “Expiration” orders of the Call that expired Friday.<\/p>\n \u00a0Sell to Open 20 RH 5\/19\/17 $58.50 C @ $1.00 (+$2000)<\/strong><\/p>\n \u00a0Expired 20 RH 5\/19\/17 $58.50 C<\/strong><\/p>\n Profit +$2000<\/strong><\/span><\/p>\n \n Micron<\/strong><\/span><\/p>\n I was in the same boat with Micron (MU) as I was with RH. I’ve owned the shares for a while and have been selling Calls. I had a 20 contract Call which gave me a premium of 25\u00a2 for $500. This Call expired on Friday so I keep the premium. I didn’t get assigned so I also keep the stock. I’ll try to sell another Call this week. Here’s the “Sell to Open” and “Expiration” orders for MU.<\/p>\n Sell to Open 20 MU 5\/19\/17 $29 C @ 25\u00a2 (+$500)<\/strong><\/p>\n Expired 20 MU 5\/19\/17 $29 C<\/strong><\/p>\n Profit +$500<\/strong><\/span><\/p>\n \n It was a pretty good week but I didn’t get my $3000 I desire. Let’s see what I can do this week.<\/p>\n \n <\/p>\n I’m Off to Texas!<\/p>\n <\/p>\n Steve<\/p>\n The Options Coach<\/em><\/p>\n","protected":false},"excerpt":{"rendered":" I’m a little late with this report. This weekend I had a birthday and I went to my daughter’s house in Pennsylvania for 3 days. I will continue the celebration today, I’m traveling to Texas to visit a few of their great cities. I’ll fly into Dallas to visit with an old FDNY friend who […]<\/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-3122","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-Om","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/3122","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=3122"}],"version-history":[{"count":1,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/3122\/revisions"}],"predecessor-version":[{"id":3123,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/3122\/revisions\/3123"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3122"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3122"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3122"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Total Weekly Gain +$2500<\/h4>\n