{"id":3274,"date":"2017-07-01T11:22:51","date_gmt":"2017-07-01T15:22:51","guid":{"rendered":"http:\/\/www.mainstbeatswallst.com\/?p=3274"},"modified":"2017-07-01T11:22:51","modified_gmt":"2017-07-01T15:22:51","slug":"results-week-ending-63017","status":"publish","type":"post","link":"https:\/\/www.mainstbeatswallst.com\/?p=3274","title":{"rendered":"Results Week Ending 6\/30\/17"},"content":{"rendered":"

Well, we are half way through 2017 and things are going pretty nicely. This was another great week for me! You might notice I’v been doing a lot of Covered Calls. Not my favorite strategy but when the stocks are running you cannot do Naked Calls. I didn’t do any “Triple Play Hedge<\/span><\/a>” trades this week. The “Triple Play Hedge” consist of 1 Covered Call and 2 Naked Calls. As long as the stocks are moving up I’ll avoid the risk of Naked Calls.<\/p>\n

Because of the amount of trades I have to report I’ll have to keep each explanation short. I had 11 trades completed this week. Every one went good. Let’s look at one at a time.<\/p>\n

The U S Steel (X) trade was a basic Covered Call. Bought the stock and sold the Call. I was assigned. I made 15\u00a2 on the stock sale for $300 and the $1500 premium. A total of $1800. A 4.1% return on a 1 week trade. Money in the mattress!<\/p>\n

U S Steel<\/strong><\/p>\n

6\/26\/17 \u2013 Buy 2000 X @ $21.85<\/p>\n

6\/30\/17 \u2013 Assigned 2000 Shares X @ $22<\/p>\n

\u00a0Profit +$300<\/strong><\/span><\/p>\n

6\/27\/17- Sell to Open 20 X 6\/30\/17 $22 C @ 75\u00a2 (+$1500)<\/p>\n

6\/30\/17 \u2013 Expired 20 X 6\/30\/17 $22 C<\/p>\n

\u00a0Profit +$1500<\/strong><\/span><\/p>\n

 <\/p>\n

With Skechers (SKX) I did another Covered Call. Bought the stock and sold the Call the next day. Basically sold the Call At-the-Money. Only made 1\u00a2 on the stock for $20. Hey, it coverers some commissions. I was in the trade for the premium. It was $1040 on the 20 contracts. The return was 1.8%. Not bad for a 1 week trade. Times it by 52 weeks and it’s 93.6%!<\/p>\n

Skechers<\/strong><\/p>\n

6\/26\/17 \u2013 Buy 2000 Shares SKX @ $28.99<\/p>\n

6\/30\/17 \u2013 Assigned 2000 Shares SKX @ $29<\/p>\n

Profit +$20<\/strong><\/span><\/p>\n

6\/27\/17 \u2013 Sell to Open 20 SKX 6\/30\/17 $29 C @ 52\u00a2 (+$1040)<\/p>\n

6\/30\/17 \u2013 Expired 20 SKX 6\/30\/17 $29 C<\/p>\n

\u00a0Profit +$1040<\/strong><\/span><\/p>\n

 <\/p>\n

I did 2 Covered Calls with RH. Both I bought 500 shares and sold 5 contracts. The first I bought the stock at $62.80 and sold the $63.50 Call. The stock is very volatile so I got a very high premium of $2. I normally don’t go for the very high premium but I’ve been watching RH and it just keeps going up so I took a shot. I was assigned and made $350 on the stock sale. I also keep the very nice premium of $1000. The total return was 4.3%. Times that by 52 weeks and it’s a whopping 223.6%.<\/p>\n

RH<\/strong><\/p>\n

6\/27\/17 \u2013 Buy 500 Shares RH @ $62.80<\/p>\n

6\/30\/17 \u2013 Assigned 500 Shares RH @ 63.50<\/p>\n

\u00a0Profit +$350<\/strong><\/span><\/p>\n

6\/27\/17 \u2013 Sell to Open 5 RH 6\/30\/17 $63.50 C @ $2.00 (+$1000)<\/p>\n

6\/30\/17 \u2013 Expired 5 RH 6\/30\/17 $63.50 C<\/p>\n

\u00a0Profit +$1000<\/strong><\/span><\/p>\n

On Thursday, with RH moving crazy I decided to do another Covered Call. This would be a 1 day trade. This was an At-the-Money<\/span><\/a> Call so I only made $10 on the assignment of the stock. I was in this trade for the 1 day premium, which was $600. Not a bad days work! I’m very surprised I was assigned on this Call. The Strike Price was $64.50 and the stock closed at $64.52. However, 1 minute after the close the stock dropped down to $64.25 which it’s still at as I write.<\/p>\n

6\/29\/17 \u2013 Buy 500 Shares RH @ $64.48<\/p>\n

6\/30\/17 \u2013 Assigned 500 Shares RH @ $64.50<\/p>\n

\u00a0Profit +$10<\/strong><\/span><\/p>\n

6\/29\/17- Sell to Open 5 RH 6\/30\/17 $64.50 C @ $1.20 (+$600)<\/p>\n

6\/30\/17 \u2013 Expired 5 RH 6\/30\/17 $64.50 C<\/p>\n

\u00a0Profit +$600<\/strong><\/span><\/p>\n

 <\/p>\n

Moving on to Alcoa (AA) also a Covered Call. Bought the stock at $32.35 and sold the $32.50 Call. I was assigned and made 15\u00a2 on the stock for $150. But, again I was it the trades for the 50\u00a2 premium on a $32 stock. With assignment I keep the premium of $500. The total gain on this trade is $650, a 2% return.<\/p>\n

Alcoa<\/strong><\/p>\n

6\/27\/17 \u2013 Buy 1000 Shares AA @ $32.35<\/p>\n

6\/30\/17 \u2013 Assigned 1000 Shares AA @ $32.50<\/p>\n

\u00a0Profit +$150<\/strong><\/span><\/p>\n

6\/27\/17 \u2013 Sell to Open 10 AA 6\/30\/17 $32.50 C @ 50\u00a2 (+$500)<\/p>\n

6\/30\/17 \u2013 Expired 10 AA 6\/30\/17 $32.50 C<\/p>\n

\u00a0Profit +$500<\/strong><\/span><\/p>\n

 <\/p>\n

For my last trade to report I did a Covered Call on Weight Watchers (WTW). I didn’t think this trade was gonna work out so well. I bought the stock and as soon as I did the stock dropped. I didn’t think I’d get the Call sold but 2 days later the stock had a little bounce but not up to where I bought the stock. I’m very surprised I was able to get a 50\u00a2 premium on a 2 day trade. 50\u00a2 on a 2 day trade is a great premium! It fits into my “1 Week\/1%” strategy. I bought the stock at $35.40 and sold the $33.50 Call. Friday the stock closed at $33.42 so I wasn’t assigned. The only Covered Call I wasn’t assigned on this week. Even with me struggling to get the Covered Call sold I still brought in 1.5%. That’s right! I put it in my mattress.<\/p>\n

Weight Watchers<\/strong><\/p>\n

6\/28\/17 \u2013 Sell to Open 10 WTW 6\/30\/17 $33.50 C @ 50\u00a2 (+$500)<\/p>\n

6\/30\/17 \u2013 Expired 10 WTW 6\/30\/17 $33.50 C<\/p>\n

\u00a0Profit +$500<\/strong><\/span><\/p>\n

 <\/p>\n

Sorry for so many trades but I’m concentrating on trades with 2000 shares or less so it’s causing me to do more trades. Overall a fantastic week! Let’s see how I do for the 2nd half of the year.<\/p>\n

Total Weekly Gain $5970<\/h4>\n

 <\/p>\n

Have a great 4th of July weekend! Make sure you fly the flag of this great country. God bless America!<\/p>\n

 <\/p>\n

Steve<\/p>\n

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

Well, we are half way through 2017 and things are going pretty nicely. This was another great week for me! You might notice I’v been doing a lot of Covered Calls. Not my favorite strategy but when the stocks are running you cannot do Naked Calls. I didn’t do any “Triple Play Hedge” trades 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-3274","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-QO","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/3274","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=3274"}],"version-history":[{"count":1,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/3274\/revisions"}],"predecessor-version":[{"id":3275,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/3274\/revisions\/3275"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3274"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3274"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3274"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}