{"id":3336,"date":"2017-07-16T16:09:42","date_gmt":"2017-07-16T20:09:42","guid":{"rendered":"http:\/\/www.mainstbeatswallst.com\/?p=3336"},"modified":"2017-07-17T17:42:09","modified_gmt":"2017-07-17T21:42:09","slug":"results-week-ending-71417","status":"publish","type":"post","link":"https:\/\/www.mainstbeatswallst.com\/?p=3336","title":{"rendered":"Results Week Ending 7\/14\/17"},"content":{"rendered":"

I’m very happy with the results of this week. There’s only one way it could have been better. And that’s if I was assigned on my RH shares. Most readers know when I do a Covered Call I want to get assigned. My assignment wish goes against the wishes of most options gurus. Most options gurus, when doing Covered Calls want to keep their stocks. I have a different train of thought. When I do a “Buy-Write” or a Covered Call I sign up for a premium and when I get into that trade, I pick a Strike Price I want to sell the stock for. If I get that premium and sell the stock at the price I wanted via assignment, I’m happy! If the stock goes up higher I don’t worry about it. This is called an Opportunity Lost<\/span><\/a>. With all of my deals this week this is what happened, except RH. With RH I had a Strike Price of $70 (see below). Late in the week the stock was as high as $71.40. I was very happy I was gonna sell my 1500 shares at $70! But on Friday the stock dropped down and closed the week at $66.00. If I got assigned this deal would have been over with a nice profit. With the stock dropping down to $66, I have to sell another Call this week. If the stock continues down, I could be screwed. I’m hoping the stock rebounds and I get assigned next week. I really don’t feel comfortable owning stock. I’m an options trader. I only own stock to cover my position if needed. I would rather Naked Calls but the way stocks have been moving Naked Calls is not the best strategy right now.<\/p>\n

Let’s take a look at the trades of the week including RH.<\/p>\n

Micron<\/strong><\/span><\/p>\n

On Monday I bought 2000 shares of Micron (MU) at $30.08. On the same day I sold 20 contracts of the $30.50 Calls. The stock went up and I was assigned. I made 42\u00a2 per share on the assignment of the 2000 shares, and the premium.<\/p>\n

7\/10\/17 \u2013 Buy 2000 Shares MU @ $30.08<\/p>\n

7\/14\/17 \u2013 Assigned 2000 Shares MU @ $30.50<\/p>\n

\u00a0Profit +$840<\/strong><\/span><\/p>\n

7\/10\/17 \u2013 Sell to Open 20 MU 7\/14\/17 $30.50 C @ 50\u00a2 (+$1000)<\/p>\n

7\/14\/17 \u2013 Expired 20 MU 7\/14\/17 $30.50 C<\/p>\n

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

 <\/p>\n

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

On Tuesday I bought 1000 shares of Weight Watchers (WTW) at $34.88. Also on Tuesday I sold a 10 contract $35 Call. The stock went up and I was assigned. I made 12\u00a2 on the stock sale for $120 and I keep the premium.<\/p>\n

7\/11\/17 \u2013 Buy 1000 Shares WTW @ $34.88<\/p>\n

7\/14\/17 \u2013 Assigned 1000 Shares WTW @ $35.00<\/p>\n

\u00a0Profit +$120<\/strong><\/span><\/p>\n

7\/11\/17 \u2013 Sell to Open 10 WTW 7\/14\/17 $35.00 C @ 65\u00a2 (+$650)<\/p>\n

7\/14\/17 \u2013 Expired 10 WTW 7\/14\/17 $35.00 C<\/p>\n

\u00a0Profit +$650<\/strong><\/span><\/p>\n

 <\/p>\n

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

With the RH trade I had the stock from last week where I wasn’t assigned. On Wednesday I sold a 15 contract 3 day Call with a $70 Strike Price. As mentioned above the stock dropped back and I wasn’t assigned. I keep the premium and hope to sell another Call this week. I hope the stock jumps Monday so I get a better premium for a higher stock and the 5 day Call would be better than if I have to wait a few days to sell the Call. More time value will give me a better premium.<\/p>\n

7\/12\/17 \u2013 Sell to Open 15 RH 7\/14\/17 $70 C @ 45\u00a2 (+$675)<\/p>\n

7\/14\/17 \u2013 Expired 15 RH 7\/14\/17 $70 C<\/p>\n

\u00a0Profit +$675<\/strong><\/span><\/p>\n

 <\/p>\n

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

My U S Steel trade was a “Buy-Write” with a 1 day option. I bought the stock at $22.95 and sold the $23 Call. Made 5\u00a2 on the stock and I keep a 42\u00a2 premium. on 1000 shares that’s $50 on the stock and $420 on the premium. Not bad for a 1 day trade.<\/p>\n

7\/13\/17 \u2013 Buy 1000 Shares X @ $22.95<\/p>\n

7\/14\/17 \u2013 Assigned 1000 Shares X @ $23.00<\/p>\n

\u00a0Profit +$50<\/strong><\/span><\/p>\n

7\/13\/17 \u2013 Sell to Open 10 X 7\/14\/17 $23.00 C @ 42\u00a2 (+$420)<\/p>\n

7\/14\/17 \u2013 Expired 10 X 7\/14\/17 $23.00 C<\/p>\n

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

 <\/p>\n

A very nice week! If I was assigned on RH it would have been a perfect week. Let’s watch RH tomorrow and see if I can get a nice Call sold. I would love to see the stock jump $2 or $3 in the morning. This will give me a very nice premium. If the stock goes down I’ll have to watch and see.<\/p>\n

 <\/p>\n

Total Weekly Gain +$3755<\/strong><\/h4>\n

 <\/p>\n

I hope you’re enjoying the week end. Today is a perfect day in NYC.<\/p>\n

 <\/p>\n

Steve<\/p>\n

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

I’m very happy with the results of this week. There’s only one way it could have been better. And that’s if I was assigned on my RH shares. Most readers know when I do a Covered Call I want to get assigned. My assignment wish goes against the wishes of most options gurus. Most options […]<\/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-3336","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-RO","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/3336","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=3336"}],"version-history":[{"count":3,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/3336\/revisions"}],"predecessor-version":[{"id":3352,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/3336\/revisions\/3352"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3336"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3336"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3336"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}