This week I had 4 completed trades. 1 with Jetblue (JBLU), 1 with Snap (SNAP) and 2 with RH.<\/p>\n
Jetblue<\/strong><\/span><\/p>\n On 10\/11\/17 I bought 1000 shares of JBLU at $20.74. There was a lot of unusual option activity and many people thought the stock was going to move. The stock did not move quick enough for me so after a month and a half I bailed out. This situation might be good for an investor, someone who wants to hold for a while, but I’m a swing trader. I want in and out. With the stock moving down and slowly coming back up to be 1\u00a2 above where I bought in, I decided to put my money to work elsewhere. Did not lose money so I’m happy.<\/p>\n 10\/11\/17 \u2013 Buy 1000 Shares JBLU @ $20.74<\/p>\n 11\/29\/17 \u2013 Sell 1000 Shares JBLU @ $20.75<\/p>\n \u00a0Profit +$10<\/strong><\/span><\/p>\n <\/p>\n RH<\/strong><\/span><\/p>\n Owning 1000 shares of RH, on Tuesday I sold a 10 contract $102 Call expiring Friday. On Wed the stock took a dip so I did a But to Close. Getting into the trade I brought in an $1100 premium. I bought out for $450 for a $650 profit.<\/p>\n 11\/28\/17 \u2013 Sell to Open 10 RH 12\/1\/17 $102.00 C @ $1.10 (+$1100)<\/p>\n 11\/29\/17 \u2013 Buy to Close 10 RH 12\/1\/17 $102.00 C @ 45\u00a2 (-$450)<\/p>\n \u00a0Profit +$650<\/strong><\/span><\/p>\n <\/p>\n SNAP<\/strong><\/span><\/p>\n A few weeks ago I sold a $14 Put on SNAP. the stock dropped down to $12.50 and I was put the stock at $14. I received a nice premium but I now owned a $12.50 stock at $14. The stock slowly came up toward $14 and this week with the stock in the $13.90 area I sold a Call for a small premium. I sold the $14 Call for a 15\u00a2. On the 1000 shares the total premium was $150. I did this because I want out of SNAP at $14 and I figured I might as well grab a premium while I get out. The stock stayed a little below the $14 Strike Price so I wasn’t assigned. I keep the $150 and I still own the stock.<\/p>\n 11\/30\/17 \u2013 Sell to Open 10 SNAP 12\/1\/17 $14 C @ 15\u00a2 (+$150)<\/p>\n 12\/1\/17 \u2013 Expired 10 SNAP 12\/1\/17 $14 C<\/p>\n Profit +$150<\/strong><\/span><\/p>\n <\/p>\n RH<\/strong><\/span><\/p>\n Take another look at the RH trade above. I sold a Call on Tuesday, did a Buy to Close on Wednesday for a $650 profit, and on Thursday the stock bounced back up and I sold another $102 Call. This Call brought in another premium of $1150. The stock at the close on Friday was at $102.16. About 30 second after the close it dropped to 101.97 and I was not assigned. Now Monday morning I still own the 1000 shares. Between the remainder of the after market and the premarket this morning the stock is listed to open at $104.50. At the open who knows where it will go. I hope the stock goes up big and I can just sell because their earnings come out tomorrow and I don’t want to be in the stock. The earning have been great but you never know.<\/p>\n 11\/30\/17 \u2013 Sell to Open 10 RH 12\/1\/17 $102.00 C @ $1.15 (+$1150)<\/p>\n 12\/1\/17 \u2013 Expired 10 RH 12\/1\/17 $102.00 C<\/p>\n Profit +$1150<\/strong><\/span><\/p>\n <\/p>\n Let’s watch and see what RH does this morning.<\/p>\n <\/p>\n <\/p>\n Let’s get ready for the open.<\/p>\n <\/p>\n Steve<\/p>\n The options Coach<\/em><\/p>\n","protected":false},"excerpt":{"rendered":" This week I had 4 completed trades. 1 with Jetblue (JBLU), 1 with Snap (SNAP) and 2 with RH. Jetblue On 10\/11\/17 I bought 1000 shares of JBLU at $20.74. There was a lot of unusual option activity and many people thought the stock was going to move. The stock did not move quick enough […]<\/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-3810","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-Zs","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/3810","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=3810"}],"version-history":[{"count":1,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/3810\/revisions"}],"predecessor-version":[{"id":3811,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/3810\/revisions\/3811"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3810"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3810"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3810"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Total Weekly Gain +$1960<\/strong><\/span><\/h4>\n