This was another great week! What made this a great week was I had many trades come to an end, I didn’t have to put in much time and all my trades only involved 2 companies, Snap & RH.<\/p>\n
Let me start off with Snap.<\/p>\n
I bought 1000 shares of Snap on 8\/4\/17 at $13.37. I really bought the shares to hold. I felt $13.37 was a very good price and I was thinking of holding the shares for a while to see what happens. As time went by I listened to, and read a lot of reports and my out look changed. With the stock up above $15, on 9\/11\/17 I sold a $16 Call. I felt if I could get $16 per share while getting paid a premium, I’d be happy. On 9\/14\/17, a day before expiration the stock backed off a little and I decided to sell my 1000 shares at $15, going naked on my Calls. On expiration day the stock never went near $16 and my Call expired. I made $1630 on the sale of the 1000 shares and $230 on the premium. I’ll continue watching Snap to see what it does. I could be completely wrong but I think in the future there will be a takeover bid. Let’s watch and see.<\/p>\n
8\/4\/17 \u2013 Buy 1000 Shares SNAP @ $13.37<\/p>\n
9\/14\/17 \u2013 Sell 1000 Shares SNAP @ $15.00<\/p>\n
Profit +$1630<\/strong><\/span><\/p>\n <\/p>\n 9\/11\/17 \u2013 Sell to Open 10 SNAP 9\/15\/17 $16.00 C @ 23\u00a2 (+$230)<\/p>\n 9\/15\/17 \u2013 Expired 10 SNAP 9\/15\/17 $16.00 C<\/p>\n Profit +$230<\/strong><\/span><\/p>\n <\/p>\n When it comes to RH, there were so many trades. To explain it would be time consuming and very confusing. Below are all the trades which are also listed on the “Trade History” page. If a trade is followed with “Hit this link” you can go there and read about the trade.<\/p>\n 9\/7\/17 \u2013 Sell to Open 3 RH 9\/15\/17 $70.00 C @ $2.25 (+$675)<\/p>\n 9\/11\/17 \u2013 Buy to Close 3 RH 9\/15\/17 $70.00 C @ @1.00 (-$300)<\/p>\n