{"id":3313,"date":"2017-07-12T11:44:55","date_gmt":"2017-07-12T15:44:55","guid":{"rendered":"http:\/\/www.mainstbeatswallst.com\/?p=3313"},"modified":"2017-07-12T11:44:55","modified_gmt":"2017-07-12T15:44:55","slug":"results-week-ending-7717","status":"publish","type":"post","link":"https:\/\/www.mainstbeatswallst.com\/?p=3313","title":{"rendered":"Results Week Ending 7\/7\/17"},"content":{"rendered":"

Hi Readers, I’m sorry for this late weekly report. As you might know I had a computer problem where I couldn’t log on to the Main Street beats Wall Street<\/strong> administrative page. Apple got me all straightened out so I’m back in business.<\/p>\n

Last week was another busy week. I’m concentrating on positions involving less than 2000 shares or 20 contracts. This strategy has me making more trades but I feel there’s less risk. If I have a position of 5000 or 10,000 shares and it goes against me it locks up a lot of money for a while. With the smaller position, if something goes bad I still have margin power to work on my income.<\/p>\n

I have a lot to report so let’s get started.<\/p>\n

My first 2 trades involved stock only. The first was U S Steel (X) which was a day trade. On Monday I bought 2000 shares. A little while later the stock moved 35\u00a2 which is $700 on the 2000 shares so I jumped out the get the week started with a nice day gain.<\/p>\n

7\/3\/17 \u2013 Buy 2000 Shares X @ $21.98<\/p>\n

7\/3\/17 \u2013 Sell 2000 Shares X @ $22.33<\/p>\n

\u00a0Profit +$700<\/strong><\/span><\/p>\n

Also on Monday I bought 2000 shares of Micron (MU). On Wednesday it was up 50\u00a2 so I jumped out of this with a $1000 profit.<\/p>\n

7\/3\/17 \u2013 Buy 2000 Shares MU @ $29.93<\/p>\n

7\/5\/17 \u2013 Sell 2000 Shares MU @ $30.43<\/p>\n

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

On 6\/26\/17 I bought 1000 shares of Weight Watchers (WTW). I sold a Call for that week and wasn’t assigned so I still owned the shares to sell another Call this week. I didn’t get to sell the Call until Thursday and got a 40\u00a2 premium on the one day Call which closed In-the-Money and I was assigned. I made $100 on the stock and $400 on the Call.<\/p>\n

6\/26\/17 \u2013 Buy 1000 Shares WTW @ $33.40<\/p>\n

7\/7\/17 \u2013 Assigned 1000 Shares WTW @ $33.50<\/p>\n

\u00a0Profit $100<\/strong><\/span><\/p>\n

7\/6\/17- Sell to Open 10 WTW 7\/7\/17 $33.50 C @ 40\u00a2 (+$400)<\/p>\n

7\/7\/17 \u2013 Expired 10 WTW 7\/7\/17 $33.50 C<\/p>\n

\u00a0Profit +$400<\/strong><\/span><\/p>\n

On Monday I did a “Buy-Write” with Alcoa (AA). The stock went up and I was assigned. I made money on the stock sale and on the option.<\/p>\n

7\/3\/17 \u2013 Buy 2000 Shares AA @ $33.79<\/p>\n

7\/7\/17 \u2013 Assigned 2000 Shares AA @ $34<\/p>\n

\u00a0Profit +$420<\/strong><\/span><\/p>\n

7\/3\/17 \u2013 Sell to Open 20 AA 7\/7\/17 $34.00 C @ 40\u00a2 (+$800)<\/p>\n

7\/7\/17 \u2013 Expired 20 AA 7\/7\/17 $34.00 C<\/p>\n

\u00a0Profit +$800<\/strong><\/span><\/p>\n

My next 3 trades involved RH. I owned 1500 shares and sold 3 separate 5 contract Calls. Rh took a dip and all the Calls expired but I wasn’t assigned on any of the shares. I still own the shares.<\/p>\n

7\/5\/17- Sell to Open 5 RH 7\/7\/17 $67.50 C @ $1.10 (+$550)<\/p>\n

7\/7\/17 \u2013 Expired 5 RH 7\/7\/17 $67.50 C<\/p>\n

\u00a0Profit +$550<\/strong><\/span><\/p>\n

7\/6\/17- Sell to Open 5 7\/7\/17 $69.00 C @ $1.00 (+$500)<\/p>\n

7\/7\/17 \u2013 Expired 5 RH 7\/7\/17 $69.00 C<\/p>\n

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

7\/6\/17- Sell to Open 5 RH 7\/7\/17 $68.00 C @ $1.10 (+$550)<\/p>\n

7\/7\/17 \u2013 Expired 5 RH 7\/7\/17 $68.00 C<\/p>\n

\u00a0Profit +$550<\/strong><\/span><\/p>\n

 <\/p>\n

With smaller position it might look like I’m nickel and dime..ing the market to death, which is fine with me. I brought in a total of $5020 for the week. I’ll take it and stick it…you know where…..in my mattress<\/strong>!<\/p>\n

Total Weekly Gain $5020<\/h4>\n

 <\/p>\n

Sorry for the delay.<\/p>\n

 <\/p>\n

Steve<\/p>\n

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

Hi Readers, I’m sorry for this late weekly report. As you might know I had a computer problem where I couldn’t log on to the Main Street beats Wall Street administrative page. Apple got me all straightened out so I’m back in business. Last week was another busy week. I’m concentrating on positions involving less […]<\/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-3313","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-Rr","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/3313","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=3313"}],"version-history":[{"count":1,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/3313\/revisions"}],"predecessor-version":[{"id":3314,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/3313\/revisions\/3314"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3313"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3313"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3313"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}