This week’s completed trades and my total weekly gain was as a result of one trade. That’s right! I made one trade this week and my total weekly gain is $19,450. The largest gain of 2017. The sad part is I wish I never made the one trade. Let me explain.<\/p>\n
On 10\/16\/17 I bought 1000 shares of RH at $81. On 11\/7\/17 I bought another 1000 shares. At this point I had 2000 shares of RH, and everyone who reads Main Street beats Wall Street<\/strong> knows I’ve been selling weekly options on these shares and bringing in a lot of great premiums. I’ve been picking Strike Prices that were out a little so if I got assigned I’d make a nice amount on the stock while making nice premiums. This past Monday, to start the week, I looked at the premiums with the hopes of selling another Call. I noticed the premiums were very high and I knew earnings were not due until Dec 7th. I did a little investigation into why the high premiums. I didn’t see any news, so with the stock in the $86 area I sold a 11\/17\/17 20 contract Call with the Strike Price of $90. With the stock $3 Out-of-the-Money I received a premium of $3.20. That’s crazy! For my 20 contracts I received $6400. Little did I know, after the close on Wednesday RH was going to announce their guidance for the coming year. They said the company was going to have a great year, and Thursday the stock went up over $20. On Wednesday the stock closed around $83 and it went up to the $104 area. At this point I know I’d be getting assigned but it wasn’t so bad because my account just went up $20,000. The stock at $83 the day before and being assigned at $90 (my Strike Price) is $7, that’s $14,000 on 2000 shares. Plus the $6400 premium, $20,000!<\/p>\n Below is the result of the stock assignment and the Call sold.<\/p>\n <\/p>\n 10\/16\/17 \u2013 Buy 1000 Shares RH @ $81 Profit +$9000<\/strong><\/span><\/p>\n <\/p>\n 11\/7\/17 \u2013 Buy 1000 Shares RH @ $85.95 Profit +$4050<\/strong><\/span><\/p>\n \n11\/13\/17 \u2013 Sell to Open 20 RH 11\/17\/17 $90.00 @ $3.20 (+$6400) Profit +$6400<\/strong><\/span><\/p>\n If I never sold the Call I would have realized the entire gain on the stock. The stock closed at $102.26. Being assigned at $90, my Opportunity Lost was a little over $12. I would have made an additional $24,000. O Well! I made some nice money on the stock and brought in a great premium. Selling Call options is my strategy and I’m happy I stick with it. Who knows, I probably wouldn’t have sold the stock on Friday. Monday anything can happen. I’m happy!<\/p>\n <\/p>\n <\/p>\n Enjoy the rest of the weekend!<\/p>\n <\/p>\n Steve<\/p>\n The Options Coach<\/em><\/p>\n","protected":false},"excerpt":{"rendered":" This week’s completed trades and my total weekly gain was as a result of one trade. That’s right! I made one trade this week and my total weekly gain is $19,450. The largest gain of 2017. The sad part is I wish I never made the one trade. Let me explain. On 10\/16\/17 I bought […]<\/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-3781","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-YZ","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/3781","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=3781"}],"version-history":[{"count":1,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/3781\/revisions"}],"predecessor-version":[{"id":3782,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/3781\/revisions\/3782"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3781"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3781"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3781"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\n11\/17\/17 \u2013 Assigned 1000 Shares @ $90<\/p>\n
\n11\/17\/17 \u2013 Assigned 1000 Shares @ $90<\/p>\n
\n11\/17\/17 \u2013 Expired 20 RH 11\/17\/17 $90 C<\/p>\nTotal Weekly Gain +$19,450<\/h4>\n