Hi Readers! I hope everyone had a great Father’s Day. I’m a little slow with this report this week because of Father’sDay. I had my family over my house to celebrate Father’s Day and my son’s birthday. Not only did we have a great Saturday BBQ but everyone stayed over. Everyone left a little while ago and now I’m getting my report done. I also procrastinated a little because I had a busy trading week last week so I guess I was afraid it could get a little lengthly.<\/p>\n
I have a lot of trades to report so I’ll try to give the Cliff Notes version while getting my point across. I’ll start with Skechers (SKX).<\/p>\n
Skechers\u00a0<\/strong><\/p>\n The SKX trade coming to an end was the second Call of my “Triple Ply Hedge.” Not only did the second leg expire but the shares I owned were assigned. Below are the orders of the stock buy and sell, and the orders for the selling of the Call and the expiration.<\/p>\n Buy 1000 Shares SKX @ $26.75<\/p>\n Assigned 1000 Shares SKX @ $27.50<\/p>\n Profit +$750<\/strong><\/span><\/p>\n Sell to Open 10 SKX 6\/16\/17 $27.50 C @ 50\u00a2 (+$500)<\/p>\n \u00a0Expired 10 SKX 6\/16\/17 $27.50 C<\/p>\n Profit +$500<\/strong><\/span><\/p>\n <\/p>\n Advanced Micro Devices<\/strong><\/p>\n For my next trade I did a “Buy-Write” on Advanced Micro Devices (AMD). The Call expired but I wasn’t assigned on the shares. I still own the 2000 shares.<\/p>\n Sell to Open 20 AMD 6\/16\/17 $12 C @ 25\u00a2 (+$500)<\/p>\n \u00a0Expired 20 AMD 6\/16\/17 C<\/p>\n Profit $500<\/strong><\/span><\/p>\n <\/p>\n Weight Watchers<\/strong><\/p>\n On Friday I had the last leg of my Weight Watchers (WTW) “Triple Play Hedge” expire. In addition, making this a perfect “Triple Play Hedge,” the 2000 shares were assigned and this “Triple play Hedge” is history. I bought the shares at $26.75 and was assigned at $28. I made $1.25 on the sale of the shares. On the 2000 shares that’s $2500. Plus the the last Call expired to end the trade. Here are the orders for the shares and the Call.<\/p>\n Buy 2000 Shares WTW @ $26.75<\/p>\n \u00a0Assigned 2000 Shares WTW @ $28<\/p>\n Profit +$2500<\/strong><\/span><\/p>\n Sell to Open 20 WTW 6\/16\/17 $28 C @ 50\u00a2 (+$1000)<\/p>\n Expired 20 WTW 6\/16\/17 $28 C<\/p>\n Profit +$1000<\/strong><\/span><\/p>\n As you see the stock brought is $2500 plus the $1000 on the expiration of the Call. This was the last leg of the “Triple Play Hedge.” Last week and the week before that I had the 1st and 2nd legs expire for premiums $550 and $1200 respectively. If you add up all the premiums and the stock gain you will get $5250. This “Triple Play Hedge” strategy brought in $5250 in 17 days. That’s a 9.8% return. I love it!<\/p>\n <\/p>\n Micron<\/strong><\/p>\n Next is Micron (MU). The MU trade were also part of a “Triple Play Hedge.” Last week when I did this strategy with Micron I had the first 2 legs expiring the first week so I have 2 Calls to report. both Call expired and shares were not assigned. Here’s the orders:<\/p>\n Sell to Open 10 MU 6\/16\/17 $30 C @ $1.00 (+$1000)<\/p>\n \u00a0Expired 10 MU 6\/16\/17 $30 C<\/p>\n Profit +$1000<\/strong><\/span><\/p>\n Sell to Open 10 MU 6\/16\/17 $31 C @ 60\u00a2 (+$600)<\/p>\n \u00a0Expired 10 MU 6\/16\/17 $31 C<\/p>\n Profit +$600<\/strong><\/span><\/p>\n I have one more Call left in this “Triple Play Hedge” which is a $31 Call that expires this coming Friday.<\/p>\n <\/p>\n This was a very busy and very successful week. My “Triple Play Hedge” strategy is working nicely. If you have any question, please send me an email.<\/p>\n <\/p>\n <\/p>\n Keep studying and be careful!<\/p>\n <\/p>\n Steve<\/p>\n The Options Coach<\/em><\/p>\n <\/p>\n","protected":false},"excerpt":{"rendered":" Hi Readers! I hope everyone had a great Father’s Day. I’m a little slow with this report this week because of Father’sDay. I had my family over my house to celebrate Father’s Day and my son’s birthday. Not only did we have a great Saturday BBQ but everyone stayed over. Everyone left a little while […]<\/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-3216","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-PS","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/3216","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=3216"}],"version-history":[{"count":1,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/3216\/revisions"}],"predecessor-version":[{"id":3217,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/3216\/revisions\/3217"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3216"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3216"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3216"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Weekly Total Gain +$6850<\/h4>\n